Spanish-Argentine oil and energy company Repsol YPF is to invest an estimated US$760 million in the Portuguese petrochemical complex of Sines. The investment to be spread from 2006 to 2010, will include:
* Three new plants to be built and cracker capacity to be increased by more than 40%.
* Production capacity of one million tons of olefins and one million tons of polyolefins
This investment will accomplish full integration of feedstock consumption (ethylene, propylene) at the Sines Complex and optimise costs, as well as complement the product portfolio and increase production of higher added value products. This will result in increase in efficiency at the Sines Complex, making it one of the most technologically advanced of its kind in the European petrochemical industry.
Repsol YPF will consolidate growth in its natural markets in the Iberian Peninsula and Southern Europe and complement product portfolio modernization of the existing ethylene producing infrastructure along with the three new plants - including an electricity producing unit.
28-Jul-06 
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