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Galp will concentrate its refining activity at the Sines Refinery and will leave production operations at the Matosinhos Refinery.
The decision, communicated to the Securities Market Commission (CMVM) this Monday, is justified by the “structural changes in the consumption patterns of petroleum products motivated by the regulatory context and the context of covid-19”.
“It was decided to concentrate the refining activity at the Sines Refinery, initiating the process of discontinuing production operations at the Matosinhos Refinery, but maintaining its activity as a logistics infrastructure,” reads an internal statement sent by Galp to its employees. , to which JN had access.
“Is a complex and difficult decision which happens after much thought, but it becomes inevitable given the lack of resilience and sustainability in the context in which we operate ”, the company emphasizes.
It is also “a decision that, in recent decades, had been raised on some occasions,” Galp recalls, “but that does not appear less sadly, and that is made even more difficult by time and the reality we live in.”
“For those who work or collaborate with the Matosinhos Refinery”, the company adds that “it will promote the most appropriate solutions.”
Galp refers to employees who “during the year now ending, there was a clear consolidation of a favorable environment for the energy transition, which contributed to accelerate the migration of the demand for fossil fuels towards energy solutions of less carbon intensity ”, recalling“ the priorities of the current European Commission reflected in the demanding decarbonisation targets for 2030 and carbon neutrality for 2050 ”.
In the statement sent to the CMVM, Galp affirms that “it will continue to supply the regional market, maintaining the operation of the main import, storage and shipping facilities for existing products in Matosinhos” and that it is so.Develop adequate solutions for the necessary reduction of the workforce and evaluate alternative uses for the complex.“.
“The supply and distribution of fuels in the country will not be affected by this decision,” says the oil company.
Galp also says that it will focus “on increasing the resilience and competitiveness of the Sines industrial complex, with a crude processing capacity of 200kbpd and equipped with higher conversion units, and initiatives are being analyzed with a view to increasing the efficiency of its processes. “. and energy, as well as the integration of the production of advanced biofuels and other products with low carbon content and greater added value ”.
“The potential investments associated with these initiatives could be supported by the savings from the ongoing restructuring and by the mechanisms to support the energy transition,” the company adds.
On the 11th, the Union of Workers of the Manufacturing, Energy and Environmental Industries (Sitio-Norte) had warned of “uncertainty” about the future of the Matosinhos refinery, where fuel production is suspended “indefinitely” and the monobuoy inabilited.
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