EuroWire January 2017

News Corporate

Awards time for Repsol’s chemicals business

the Overarching Award on Innovation, which covers all types of polymers. Both awards were presented by the Polymers for Europe Alliance. Repsol’s chemicals business and all of its other business units work hard to create safer, more efficient, and environmentally sustainable energy systems that respond to the needs of society. Repsol – Spain Website : www.repsol.com Looking for a better economic Brazil The international trade fairs wire South America and Tubotech will take place against the background of expectations for an economic recovery in the coming year in Brazil. As before, they will be held jointly at the São Paulo Expo Exhibition & Convention Centre, from 3 rd to 5 th October 2017. Economic experts believe that the Brazilian economy is set to step out of its current recession in 2017. Although it is still uncertain how dynamic this recovery will be, the experts are spreading cautious optimism. Following the pattern of the previous event, the trade fairs are likely to attract around 500 exhibitors from 24 countries on an exhibition space of over 32,000m 2 (gross) and more than 11,000 trade visitors. wire South America – Brazil Website : www.wire-south-america.com

REPSOL has been recognised as the Petrochemical Company of the Year by the prestigious Petroleum Economist magazine. This award is recognition of the strategy of the company’s chemicals business and the transformation process undertaken in recent years. The judges panel at the Petroleum Economist Awards highlighted the competitiveness of Repsol’s chemicals business, its introduction of differentiated products with high added value, and its geographical diversification. In addition to investments made to increase the flexibility of the raw materials used in its petrochemical plants the panel also took into account the modernisation project that Repsol has carried out at its petrochemical facilities, using innovative solutions that allowed the company to increase its profit margins significantly in 2016. Increased efficiency, with high availability at its plants, and operational improvements carried out by Repsol in its chemicals business have strengthened the company and allowed it to make the most of favourable industry conditions, as well as improve its key figures. Additionally, thanks to increased margins and sales, the chemicals business significantly increased its profits during the first half of 2016. This is the third award the Repsol chemicals business has received in the past year. In June, Repsol also received the award for Best High-Density Polyethylene (HDPE) Producer in Europe 2016 and

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January 2017