Brussels Approves State Aid for Repsol Expansion in Portugal

The European Commission has approved €150 million ($204 million) of investment aid from the Portuguese government to Repsol Polimeros, a Repsol subsidiary, for a previously announced project to build linear low-density polyethylene (LLDPE) and polypropylene (PP) plants, and expand ethylene capacity, at Sines, Portugal. The aid takes the form of corporate tax relief and a soft loan. The total investment cost is €750 million. The project will create 512 jobs in Alentejo, Portugal, “a disadvantaged area eligible for regional aid” under European...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers