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Divestment in polyester and amines

Start-up of the detergent alcohols plant in Indonesia

In 2015 we sold the methylamines and polyester business to focus our efforts on our core business activi- ties by optimising efficiency at all our national and inter- national plants.

With start-up expected in 2017, the plant will strengthen our position as world leaders as surfactant suppliers.

Commencement of production at Shanghai plant

Optimize the phenol business line in China

In April 2015, production commenced at the Phenol/ Acetone plant in Shanghai (China), completing the inter- nationalisation process of the Petrochemical area in the phenol line. Thanks to this plant, Cepsa Chemicals is now the world s leading cumene producer and the world s second largest phenol producer.

Maximizing production to help us reduce costs and increase results.

Bécancour plant is now 100% owned by Cepsa Química

We have acquired the interest of the Canadian institu- tional shareholder (49%) at the Becancour plant. This operation represents an opportunity for self-development in other products such as EOR.

Grow through M&A

Growth in LAB, phenol, and solvents businesses to gua- rantee our leadership position without increasing global capacity.

ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015

MILESTONES 2015 CHALLENGES 2016