- Repsol is investing €657 million in new polyethylene and polypropylene plants in Sines.
- The expansion will create 550 direct jobs during construction and 75 direct jobs in operation.
- The facilities will be operational by 2025, producing 100% recyclable polymers.
- Repsol's 2021-2025 Strategic Plan includes a total investment of €19.3 billion.
Investment and Expansion
Repsol is expanding its chemicals complex in Sines, Portugal, with an investment of €657 million. This project includes the construction of new linear polyethylene and polypropylene plants, marking the largest industrial investment in Portugal in the last decade.
Job Creation
The expansion is expected to create an average of 550 direct jobs during the construction phase, with the number rising to over 1,000. Once operational, the site will see an increase of around 75 direct jobs and 300 indirect jobs.
Operational Timeline
The new facilities are scheduled to be operational by 2025. These plants will produce 100% recyclable polymers, contributing to Repsol's sustainability goals and the broader energy transition.
Strategic Plan
Repsol's 2021-2025 Strategic Plan outlines a total investment of €19.3 billion. This plan includes numerous actions to develop its industrial business, focusing on competitiveness, sustainability, and achieving net-zero emissions by 2050.
Technological Advancements
The company is transforming its industrial complexes into multi-energy hubs, incorporating the latest technologies to decarbonize processes. This includes improving energy efficiency, promoting the circular economy, producing renewable hydrogen, and increasing CO2 capture and utilization.
Regional Integration
Portugal, with its qualified workforce and strategic location, plays a crucial role in Repsol's expansion. The Sines complex benefits from excellent port facilities and developing rail and road connections to the EU, the main market for the company's exports.
