Cepsa will invest over €50 million in its Andalusian plants in 2016
- Cepsa’s plants in Andalusia are global leaders in the petrochemicals sector
- Cepsa exhibits its business activity at EuCheMs, an international chemicals industry event held in Seville
- The Company is also presenting four study papers written by its Research Center in collaboration with Spanish universities
Cepsa will invest over €50 million in its Andalusian chemical plants in 2016 (€30.1 million at its plants in San Roque –Cádiz-, and €20 million in Palos de la Frontera –Huelva-), to carry out important projects aimed at increasing production capacity, efficiency and safety. Together, the plants have a production capacity of 2.3 million tonnes a year, and play an essential role in the Company’s leadership in Andalusia.
Cepsa’s petrochemicals plants in Andalusia are benchmarks for the Company’s other chemical sites. The company’s experience and knowledge gathered over five decades developing its petrochemicals activity in Andalusia have been essential for its international growth in this area.
The same message was given by Pedro Miró, Cepsa’s CEO, on Sunday, at the opening of the EuCheMs congress, the chemical industry’s international event held this year in Seville. “Cepsa started its petrochemicals activity in Andalusia 50 years ago, building the biggest LAB plant in the world. And since then, through new technology and the progress led by this region and its people, we have expanded the business to North and South America, and more recently, to Asia.”
In 2016, Cepsa generates over 3,600 direct jobs, more than 2,600 indirect jobs, and 6,000 between temporary and jobs as a result of its activity. The Company leads the ranking of Andalusian firms by production value, and its revenue in the region in 2015 at €14.5 billion, represented 10% of the region’s GDP.
During the inauguration of the congress the importance of the chemicals industry for the Spanish economy was also seen. Indeed, it is Spain’s second largest industrial sector employing over 190,000 people in direct jobs, with a turnover expected to reach €60 billion this year, and with a clear international reach: France, Germany, Italy, United States, China, Brazil and Japan are among the destinations of Spanish chemical products, according to the Spanish Chemicals Industry Federation.
Cepsa’s participation in this international congress will also see the presentation of four papers led by its Research Center with other areas of the Company, as well as different public institutions such as universities, and investigative centers: research in the direct synthesis of benzene into phenol; to improve DETAL technology; the development of ecoasphalts (asphalt mixes and paving products); and advances in the EOR process (Enhanced Oil Recovery).
Cepsa’s Petrochemicals business
Cepsa’s Petrochemicals unit has plants in Germany, Brazil, Canada, China, Spain, and Indonesia (in construction), and markets its products across the world.
The Company is a world leader in the production of LAB, the raw material used to make biodegradable detergents, as well as the production of cumene, in part produced at its two Andalusian plants in Cádiz and Huelva.
Cepsa is also the second largest producer of phenol (the raw material used to produce next generation plastics), and acetone, thanks to its petrochemicals plant in Huelva, and the start-up of a new site in Shanghai.
Cepsa is an energy group fully owned by the International Petroleum Investment Company (IPIC) that employs more than 10,000 people and operates at every stage of the hydrocarbon value chain: exploration and production of oil and gas, refining, distribution and marketing of crude oil and natural gas derivatives, biofuels, co-generation and electricity sales.
Cepsa has developed an important chemicals division that is closely integrated with the refining business, and that produces and markets the raw materials for high value-added products, principally used to make next generation plastics and biodegradable detergents. Cepsa has a leading position in Spain and, through the progressive international expansion of its business, also operates in several continents and markets its products across the world.