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Thursday, January 26, 2023

Investments in Sines are economic, environmental and technological “example of virtues”, says Government – Economy

“Sines, at this moment, is an example of virtues. It is an example of economic virtues, it is an example of environmental virtues, it is an example of technological virtues, it is an example of virtues of combating the desertification of the interior of Portugal ”, he said in statements to the Lusa agency.

On the sidelines of a visit he made to the Port, Logistics and Industrial Complex of Sines, where investments of eight billion euros are projected, the official considered that the creation of jobs and the fight against desertification are other effects of “ internationalization and attraction of foreign investment”.

“There is another effect of this internationalization and this attraction of foreign investment that comes to regions outside the large urban centers which is to fix populations to the land, create jobs and also combat the desertification of areas of the country that were more desertified”, he stressed.

For Bernardo Ivo Cruz, “the companies that have set up shop in Sines represent millions of euros in investment, thousands of qualified jobs and also have a particular concern for the people who were already here” and who “are being trained and prepared to be able to work in this new economy”.

The cycle of private business investments adds up to “almost three thousand direct jobs” and “almost eight billion euros of investment”, specified the official.

“They are all companies that are concerned with their social impact” and “they are all concerned with their environmental impact and nowadays any sector, namely the private sector, which in addition to having economic growth, has to be aware of the impact it has on society and the environment”, he stressed.

After a visit to EDP Produção’s Sines Thermoelectric Power Plant, where he learned about the decommissioning process of the coal-fired power plant and the future GreenH2Atlantic green hydrogen project, the official revealed that the promoters “are optimistic”.

“It is a big investment, it is an investment that has a set of challenges, but the promoters are optimistic and say that they are within what was planned, they are moving forward”, he revealed.

And he reinforced that green hydrogen “is one of the energies of the future” and that “with these investments and with this new science” the country is “moving towards the day” when it will no longer be an energy importer to be able to “be self-sufficient and , eventually exporting energy”.

For the minister, an example of this is the “renewable gas connection” between Portugal, Spain and France, which will be extended to Germany.

This connection, he defended, “will allow Portugal to be part of the energy export chain to the center of Europe”.

“And this is completely new in our history, we have never exported energy, we have always imported energy and now we are going to enter the wonderful world of energy exporters, in our case, renewable energy”, he concluded.

The visit included the Petrochemical Complex of Sines, owned by Repsol Polímeros, where the “Alba” project is under way, with the construction of a polyethylene factory and another one of polypropylene, essential for self-supply and development of the national industry and the construction works of one of the largest green Data Centers in Europe, developed by Start Campus.

The official also visited the Sines da Galp refinery where an industrial project based on the production of green hydrogen is being implemented and met with the Administration of the Ports of Sines and the Algarve about the expansion of Terminal XXI and the prospect of still this year the international tender for the new Vasco da Gama Terminal is launched.

(news corrected at 22:19, to note that the investment is 8 billion euros and not 8 million)

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