SÃO PAULO (Dec. 5, 10 a.m. ET) -- Braskem SA and Petróleos Del Perú (PetroPerú) are studying whether to build a petrochemical project in Peru.
São Paulo-based Braskem and PetroPeru, the Peruvian national oil company. signed a memorandum of inderstanding on Nov. 24 to analyze the technical and economic feasibility of a plant capable of making 1.2 million tons of ethylene and polyethylene per year using ethane from the natural gas reserves in the Las Malvinas region.
"The creation of this partnership will drive economic and social development in Peru. The project's great advantage lies in its strategic location on the Pacific coast and its capacity to attend not only the Peruvian market, but also other countries in the Andean region," said Humberto Campodónico, CEO of PetroPerú, in a Nov. 28 news release.
2011-12-05
Petrobras says secures pipeline contract for Comperj refining complex
Petrobras has signed a production and assembly contract for pipelines for its new Comperj refinery in Rio de Janeiro.
The contract with Brazilian engineering company MPE is for the pipeline required for the refinery. In total, the contract includes 12,000 MT of pipeline with 4.5 km (2.8 miles) of extension and 21,700 meters of concrete for foundations.
The Brazilian state controlled oil company announced the contract Tuesday night. Work on the Comperj refinery complex began in 2008.
Brazil's imports gasoline because of a shortage of refining capacity. In 2010, the country imported 505 million liters of gasoline, according to the Brazilian Center for Infrastructure.
The first phase of the Comperj refinery, producing diesel, aviation kerosene, naphta, coke and sulphur for the national market and petrochemical plants is due to start operation in 2013. Comperj's petrochemical units are due to start work in 2017 and the second stage of its refining in 2018. The refinery will have a capacity of 330,000 b/d of crude.
The contract with Brazilian engineering company MPE is for the pipeline required for the refinery. In total, the contract includes 12,000 MT of pipeline with 4.5 km (2.8 miles) of extension and 21,700 meters of concrete for foundations.
The Brazilian state controlled oil company announced the contract Tuesday night. Work on the Comperj refinery complex began in 2008.
Brazil's imports gasoline because of a shortage of refining capacity. In 2010, the country imported 505 million liters of gasoline, according to the Brazilian Center for Infrastructure.
The first phase of the Comperj refinery, producing diesel, aviation kerosene, naphta, coke and sulphur for the national market and petrochemical plants is due to start operation in 2013. Comperj's petrochemical units are due to start work in 2017 and the second stage of its refining in 2018. The refinery will have a capacity of 330,000 b/d of crude.
Techint plan comes days after buying Usiminas stake
RIO DE JANEIRO, Dec 3 (Reuters) - Techint, the Italo-Argentine steel and engineering group, plans to build a steel-rolling mill in Brazil with partner Usiminas, boosting capacity in Latin America's largest economy, the Globo newspaper reported on Saturday.
The rolling mill will be able to process steel from a planned Techint steel project at the Port of Acu near Rio de Janeiro and add to existing production from other group assets in Brazil, Globo said.
The Techint mill at Acu or a Chinese mill planned for the same port will be able to make steel slabs that are the main raw material for a rolling mill, according to Eike Batista, the controlling shareholder of LLX Logistica which owns the Port of Acu and is leasing a mill-site to Techint.
The Techint-Usiminas rolling mill and Techint project at the Port of Acu are expected to cost about $7 billion, the newspaper reported. The rolling mill is likely to be built in Brazil's state of Rio de Janeiro or in the central-highland state of Minas Gerais, the paper added.
The rolling-mill plan is part of Techint's effort to profit from a Brazilian offshore oil boom, the paper said.
Brazil expects to more than triple oil and natural gas output by 2020 to about 7 million barrels a day, allowing the South American country challenge the United States for the role of world's No. 3 oil producer after Russia and Saudi Arabia.
Techint controls TenarisConfab, a Brazilian steel-pipe maker, and bought a 27.7 percent stake in Usiminas, the second-largest Brazilian steelmaker for $2.7 billion on Nov. 28. Usiminas' main shareholder is a Japanese group led by Nippon Steel.
Techint bought the stake in Usiminas through its Ternium and Tenaris units. Tenaris is the world's largest producer of seamless steel pipe, a high-value steel product used in the oil and natural-gas industries.
Ternium is an Argentine steelmaker, that already has a joint venture with Nippon Steel in Mexico.
The rolling mill will be able to process steel from a planned Techint steel project at the Port of Acu near Rio de Janeiro and add to existing production from other group assets in Brazil, Globo said.
The Techint mill at Acu or a Chinese mill planned for the same port will be able to make steel slabs that are the main raw material for a rolling mill, according to Eike Batista, the controlling shareholder of LLX Logistica which owns the Port of Acu and is leasing a mill-site to Techint.
The Techint-Usiminas rolling mill and Techint project at the Port of Acu are expected to cost about $7 billion, the newspaper reported. The rolling mill is likely to be built in Brazil's state of Rio de Janeiro or in the central-highland state of Minas Gerais, the paper added.
The rolling-mill plan is part of Techint's effort to profit from a Brazilian offshore oil boom, the paper said.
Brazil expects to more than triple oil and natural gas output by 2020 to about 7 million barrels a day, allowing the South American country challenge the United States for the role of world's No. 3 oil producer after Russia and Saudi Arabia.
Techint controls TenarisConfab, a Brazilian steel-pipe maker, and bought a 27.7 percent stake in Usiminas, the second-largest Brazilian steelmaker for $2.7 billion on Nov. 28. Usiminas' main shareholder is a Japanese group led by Nippon Steel.
Techint bought the stake in Usiminas through its Ternium and Tenaris units. Tenaris is the world's largest producer of seamless steel pipe, a high-value steel product used in the oil and natural-gas industries.
Ternium is an Argentine steelmaker, that already has a joint venture with Nippon Steel in Mexico.
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