CHAPTER 1 The year in review Milestones · Cepsa around the world

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Focus on areas where we are leaders In accordance with our strategy in the petrochemical business, we have focused on the areas in which we are leaders. To this end, various major operations were closed: the sale of the polyester business to Indorama, the acquisition of 49% of the linear alkyl benzene (LAB) plant in Bécancour (Canada) and the purchase of a sulphonation plant in Germany.

Inauguration of our first chemicals plant in Asia We inaugurated our first chemical plant in Asia, in Shanghai, becoming the second largest phenol and acetone producer worldwide and the largest producer of cumene, raw materials for next generation plastics. The plant was selected by the World Refin- ing Association as best petrochemicals plant of the year 2015.

We launch Cepsa Pay We launched Cepsa Pay, the first application in the sector which allows customers to fill up and shop at our service stations easier, faster and safer, without compromising the quality and security that Cepsa offers.

New products We have developed a new range of bitumens: ELASTER, which enhances interaction and grip between tyres and the road surface, increasing safety. We have also launched three new lubricants, designed for large marine engines.

Pioneering loading and unloading system We have developed and implemented a pioneering petrochemical products loading and unloading system at the Port of Huelva, which has solved the traditional problems of delays and over-crowding at the docks associated with these operations.