- Repsol will invest €657 million in expanding the Sines Industrial Complex, operational by 2025.
- The project includes two new plants for linear polyethylene (LPE) and polypropylene (PP), each with a 300,000-ton capacity.
- The Portuguese government has granted tax incentives up to €63 million for this investment.
- The expansion will create approximately 75 direct and 300 indirect jobs.
Investment and Expansion
Repsol will invest €657 million to expand its Sines Industrial Complex in Portugal, with operations expected to begin by 2025. This project has been designated as a Potential National Interest (PIN) by the Portuguese government, which has granted tax incentives up to €63 million.
New Facilities
The expansion includes the construction of two new plants for linear polyethylene (LPE) and polypropylene (PP), each with a capacity of 300,000 tons per year. These plants will use advanced technologies to ensure maximum energy efficiency and will be the first of their kind on the Iberian Peninsula.
Economic Impact
During the construction phase, the project is expected to generate an average of 550 jobs, peaking at over 1,000. Once operational, it will create approximately 75 direct jobs and about 300 indirect jobs, all highly qualified positions. This investment will be the largest industrial investment in Portugal in the last decade.
Sustainability and Integration
The new materials produced will be 100% recyclable and suitable for specialized applications in the pharmaceutical, automotive, and food industries. The project aligns with Repsol's goal to become a net zero emissions company by 2050 and supports the targets of the Paris Agreement. Additionally, the Sines Industrial Complex will feature new logistics facilities, including railroad transport options to optimize connections with the European market and reduce the carbon footprint of product transportation.
Strategic Importance
This investment will enhance the integration and diversification of Repsol's industrial business, reinforcing its leadership in Europe. The Sines Industrial Complex will become one of the most advanced in Europe, characterized by its flexibility, high degree of integration, and competitiveness.
