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The laying of the foundation stone for the factory, which took place this morning in tailings, has enjoyed the presence of President of the Autonomous Community and the mayor and other officials and representatives of Repsol

Korean company Repsol and SKL, were held this morning in the Valley of tailings over the laying of the foundation stone of the plant base oils SKSOL next generation, a company owned by both companies, with an investment of more than 250 million and will be operational in 2014.

The event, which included holding a traditional Korean ceremony for the safety and progress of the project, has been attended by the President of the Autonomous Community, Ramón Luis Valcárcel, and the Mayor of Cartagena, Pilar Barreiro, who stressed the importance of such projects, in addition to a large investment, employment and economic growth will bring to the city and its surrounding district.

Attended the event, by Repsol, the Director General of Business, Nemesio Fernandez-Cuesta, and Managing Director A New Energy and Industrial area, Josu Jon Imaz.

By SKL, President, Kwan Ho Choi, accompanied by the CEO of SKSOL, José Sancho. Has also featured the Korean ambassador in Spain, Oh Dae-sung.

SKSOL plant, located next to the Repsol refinery, used as material products of the latter prevail.

The project will occupy a plot of 35,000 square meters, plus another 55,000 additional square feet to the storage area in the tailings basin.

These new facilities will be built in accordance with best international practices in engineering and meeting environmental and safety.

The production of the new plant will be used mainly for the European market and will have the capacity to supply 20 percent of global consumption, and 40 percent of European consumption.

During the execution of the works, it will reach a level of employment through 350, reaching peaks of 900 people work. Once running, the plant will generate 160 jobs.

As for hiring companies, will be generated during construction 60 contracts, allowing the participation of over 100 companies.

The new plant is classified as a strategic project by the regional government, given the significant impact on gross domestic product, which is expected to rise to account for 1.9 percent of regional GDP.

Source: Ayuntamiento de Cartagena