897
No. of Chemicals enterprises
Source: Statistics Portugal and SABI (2021)
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Chemicals and Rubber & Plastic industry
Portugal's chemicals and rubber & plastic industry is a dynamic and thriving hub of innovation and investment opportunities, driven by a strong commitment to sustainability.
Chemicals and Rubber & Plastic industry at a glance
In 2021, the chemicals and rubber & plastic industry in Portugal achieved a turnover of €12B, with exports amounting to €8B. This industry serves multiple sectors, including automotive, construction, packaging, electronics and textiles.
Portugal has a well-educated and skilled workforce, particularly in the fields of chemical, chemical engineering, biochemical and materials. This ensures a competitive advantage in product development, manufacturing and research activities.
Chemical and rubber & plastic industry insights
Portugal's commitment to R&D is supported by a collaborative network involving academic spin-offs, technological startups and renowned R&D centers, such as CIQUP - Research Center in Chemistry and CENTIMFE – Technological Center for the Mouldmaking, Special Tooling and Plastic Industries.
In terms of sustainability, Portugal's commitment to adopting greener processes, recycling technologies and bio-based materials is reflected in the National Energy and Climate Plan 2021-2030 and in the Roadmap for Carbon Neutrality, particularly focusing on decarbonizing the sector.
Recent FDI projects in Portugal
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SCG Chemicals (Thailand)
In 2022, Thailand’s SCG Chemicals completed the acquisition of a 70% stake in Sirplaste, which is based in Porto de Mós. SCG Chemicals plans to expand the capacity of its Portugal-based subsidiary Sirplaste by 25% in response to the strong demand for recycled plastics in Europe.
Repsol (Spain)
In 2021, Repsol has announced a €657M investment to expand the company's Sines Industrial Complex, involving the construction of two new plants for high-value added 100% recyclable polymeric materials to use in the pharmaceutical, automotive, and food industries.
Dow (USA)
Dow's plant in Estarreja is responsible for producing a crucial raw material for polyurethane manufacturing called MDI. In 2019, Dow invested €5,9M in modernizing the plant's technology to meet new market needs and improve production processes.
