Neste Oil sells Sines plant in Portugal

Posted on 30.06.2010 in News
Neste Oil sells Sines plant in Portugal

Neste Oil announced that it is selling its Portuguese subsidiary Neste Oil Portugal S.A., which owns the ETBE plant in Sines, to the Portuguese company Repsol Polimeros LDA.

The Sines plant has an annual capacity of 50,000 tonnes. It produces ETBE (Ethyl Tert-Butyl Ether), Neste Oil started MTBE production in Sines in 1992, and the plant was converted to producing ETBE at the beginning of 2005.