18 November 2013 17:08 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--Repsol’s cracker at Sines, Portugal, will be producing more from propane feedstock in 2014, according to the Spanish chemicals producer on Monday.
“We have analysed our assets, looking [at] the profitability of our crackers. Sines has always been on the list of not-so-profitable crackers, and we want to take advantage of the spread [from propane] to naphtha,” the producer said on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
“Propane is not as advantageous now as it has been in recent months, but we hope to produce more from propane in the next year,” the producer added. “Propane availability is OK, the problem is to find it at the right spread to naphtha.”
“We aim to have Sines running all year. Unfortunately, this year it was down for maintenance and then for commercial reasons. Domestic demand in Iberia dropped by 20%, but we have seen a slight recovery, mainly in automotive. No improvement in construction, but at least it has not dropped further,” the producer added.
“We aim to export more into Europe, the Med, even to Latin America,” the producer said.
The downsizing of Repsol’s Puertollano, Spain, cracker has already been announced.
The current shutdown at the producer’s Tarragona cracker is due to be completed on 25 November, as previously announced.
The APLA conference ends on Tuesday.
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