Repsol, the Portuguese petrochemicals giant, has announced an investment of €657 million ($777 million) in the Sines Industrial Complex for the construction of two new units for the manufacturing of 100% recyclable polyethylene (PE) and polypropylene (PP). The factories, the greatest industrial investment in Portugal in the previous decade, are set to go into operation in 2025.
According to Repsol, the facilities are the first of their sort on the Iberian Peninsula and use market-leading technologies for linear PE and PP manufacturing. Each facility will have a capacity of 300,000 tonnes per year for energy-related applications in the pharmaceutical, automobile, and food sectors.
The Portuguese government has awarded Repsol tax breaks of up to $74.5 million for improvements in its Porto industrial complex. Repsol’s 2021-2025 Strategic Plan aims for a €18.3 billion ($21.6 billion) investment between 2021 and 2025.
Image source: plasticstoday.com
