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Repsol to license petrochemical technologies

November 06/2019

MOSCOW (MRC) -- Repsol has signed a collaboration agreement to license ethylene-vinyl acetate (EVA), ethylene butyl acrylate (EBA) copolymer and low-density polyethylene (LDPE) production technology with American engineering company Engineers & Constructors International (ECI), depository of the high-pressure technology originally developed and licensed by Imperial Chemical Industries (ICI) through its UK subsidiary, Simon Carves Engineering, Ltd., reported Hydrocarbonprocessing.

Under this agreement, Repsol is the operational partner that provides product knowledge, applications and operating support (training, technical services, operating procedures, etc.).

For Repsol, this agreement represents a milestone in positioning its Chemicals Business as a technology licensor together with a partner of recognized international prestige and a benchmark for high-pressure technology in the petrochemical industry.

With this agreement, Repsol will capitalize on the know-how developed over 40 years in both production and processing, as well as on the commercial knowledge of development of differentiated EVA/EBA copolymer and LDPE applications.

This agreement represents a differential lever to support the growth of the Chemicals Business within its strategic positioning in the EVA/EBA copolymer market.

As MRC informed earlier, Spains Repsol will shut down its cracker in Tarragona (Spain) for maintenance in the fourth quarter of 2019. The turnaround at this steam cracker, which produces 702,000 mt/year of ethylene and 372,000 mt/year of propylene, was pushed back from Q3 2019. The exact dates of maintenance works are not disclosed.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,436,390 tonnes in the first eight months of 2019, up by 9% year on year. Shipments of all PE grades increased. At the same time, the PP consumption in the Russian market was 909,260 tonnes in January-August 2019, up by 10% year on year. Shipments of PP block copolymer and homopolymer PP increased.

Repsol S.A is an integrated Spanish oil and gas company with operations in 28 countries. The bulk of its assets are located in Spain.
Author:Margaret Volkova
Tags:PP, PE, EVA, PP block copolymer, homopolymer PP, propylene, LDPE, ethylene, Repsol, UK, Spain, Russia, USA.
Category:General News
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