This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La Seda de Barcelona y Veolia Environment acuerdan nuevos plazos para la construcción de Sines
The Silk of Barcelona and Veolia Environment agree to new terms for the construction of Sines
16/12/2009
December 16, 2009
The Silk of Barcelona and Veolia Environnement have reached an agreement to set a new timeline for the construction of the PTA of Sines (Portugal). In addition, this agreement is the restructuring of the debt owed by the chemistry in the Sines project, amounting to EUR 62 million. With these measures, the main supplier of the Seda group, ensures its continuity in the project and adapted the periods subscribed to the construction of the factory.
This new scenario involves the support of Veolia Environnement to the Plan of restructuring of the Silk of Barcelona, which dinamizará the industrial project of the multinational chemistry.
In 2008, La Seda Barcelona awarded to Veolia Environnement environmental services of the industrial plant project Artenius Sines - subsidiary of the multinational Spanish-in the Portuguese town; the agreement includes the allocation of the power plant services for a period of 15 years. Thus, as of 2008, both companies are working together in the development of what will be one of the strategic plants in Europe in production and supply of PTA.
