23 January 2012 12:01 [Source: ICIS news]
LONDON (ICIS)--Spanish oil and gas firm Repsol’s cracker at Sines, Portugal, is due to resume operations today, a company spokesperson said on Monday.
The cracker restart is attributed to the pick-up in demand during January, which marks an improvement when compared with December 2011.
The Sines cracker was temporarily idle in December 2011 on the back of low demand. Out of Repsol’s three Euroepan crackers, Sines is the only one not fully-integrated with derivative production and therefore is more likely to be most affected by the weak market conditions.
In addition, Repsol’s fluid catalytic cracker (FCC) and refinery operations at Bilbao in Spain remain off line because of low demand and are also thought to be due to poor margins.
The FCC unit is expected to resume operations by the end of month, followed by the restart of the refinery, which is likely to take place during the first quarter of 2012.
Repsol has a nameplate capacity at Sines of 415,000 tonnes/year for ethylene and 200,000 tonnes/year for propylene. The FCC refinery at Bilbao has the capacity to produce up to 80,000 tonnes/year of propylene, according to ICIS.
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