EuroWire January 2017

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Corporate
January 2017 12
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
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:
Awards time for Repsol’s chemicals business
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 5th 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: