Compañía Española de Petróleos S.A.U. (Cepsa; Madrid, Spain; www.cepsa.com) will invest over €50 million in its Andalusian chemical plants in 2016 (€30.1 million at its plants in San Roque, Cádiz, and €20 million in Palos de la Frontera, Huelva), to carry out important projects aimed at increasing production capacity, efficiency and safety. Together, the plants have a production capacity of 2.3 million metric tons per year (m.t./yr).
Cepsa’s petrochemicals plants in Andalusia are benchmarks for the company’s other chemical sites. The company’s experience and knowledge gathered over five decades developing its petrochemicals activity in Andalusia have been essential for its international growth in this area.
In 2016, Cepsa generated over 3,600 direct jobs, more than 2,600 indirect jobs, and 6,000 between temporary and jobs as a result of its activity. The company leads the ranking of Andalusian firms by production value, and its revenue in the region in 2015 at €14.5 billion, represented 10% of the region’s GDP.