INEOS Technologies licenses 'Innovene G' gas phase technology to Repsol YPF
INEOS Technologies has licensed its Innovene G process for the manufacture of Linear Low Density Polyethylene to Repsol Polimeros LDA, the Repsol YPF Chemicals site located in Sines, Portugal.
The 300ktpa plant will produce a full range of Ziegler-Natta and metallocene High Performance Linear Low Density products. INEOS' technology will complement Repsol YPF''s existing range of polyethylene and will also expand its manufacturing capacity, ensuring a competitive long term position and help increase Repsol YPF Chemicals' market share in polyethylene.
Repsol YPF becomes the 29th licensee of the Innovene G gas-phase technology. The Sines plant will incorporate the latest developments of the technology including the Clean Loop design, Enhanced High Productivity and the newest Ziegler-Natta and metallocene catalyst platforms.
Peter Williams, CEO of INEOS Technologies, commented: "We are delighted to become the licensing partner of Repsol for this important expansion project at their Sines site. The Innovene G technology has undergone substantial development in recent years and this award by Repsol, after a thorough and detailed evaluation, is recognition of the value that the technology offers our licensees and their customers."
Repsol YPF Chemicals' Executive Director, Benjamin Palomo, commented: "We feel INEOS is a partner who provides us with a complete and advanced technology and we can develop common interests on an on-going relationship. This plant forms part of the Sines project that was announced a year ago by Antonio Brufau, Chairman and CEO of Repsol YPF."
Both companies have now begun the engineering phase of the project and the plant is scheduled to start up mid 2010.
Notes to editors:
1. INEOS Technologies is one of the companies in the INEOS family. INEOS is the world\'s third largest chemicals company and a leading manufacturer of petrochemicals, specialty chemicals and oil products. The company comprises 18 businesses, with a production network spanning 68 manufacturing facilities in 17 countries. It has sales of around $36bn and employs 15,000 people.
2. INEOS Technologies is a leader in the field of technology licensing and catalysts/additives supply. INEOS Technologies markets a broad range of technologies for the petrochemical industry including: · Innovene G gas-phase and Innovene S slurry polyethylene technologies · Innovene PP polypropylene technology, · Acrylonitrile technology · Chlorine, EDC / VCM / PVC technologies · Polystyrene and Expanded Polystyrene technologies
3. Repsol YPF is an integrated oil company, engaged in oil exploration and production, refining and marketing, chemicals and gas activities. The Chemicals Division manufactures and sells chemical products ranging from base to derivative petrochemicals. Repsol YPF Chemicals markets its products in over 90 countries worldwide, while maintaining a leading position in its closer markets, Southern Europe and MERCOSUR. Repsol YPF Chemicals is an innovative supplier of polyolefins, and various intermediate products, leader in polyethylene (PE) and polypropylene (PP) in the Iberian Peninsula.