Petrobras to invest $394 million in refinery
By OGJ editors
HOUSTON, May 2 -- Petroleo Brasileiro SA (Petrobras) will invest $394 million in the next 3 years in its 170,000 b/cd Refinaria Presidente Bernardes Cubatão (RPBC) refinery in São Paulo and build a 208 Mw electric power generation plant, reported BNamericas.
Petrobras will spend $254 million to improve gasoline quality and modernize the RPBC main processing unit, according to Agencia Estado news service.
Petrobras said in early March that it would invest $259 million in the refinery through 2008 and $140 million in a thermoelectric plant to supply 50 Mw of power for the refinery and 900 tonnes/hr of steam, the news service reported.
The new plant will replace the 55-year power generation unit. Its construction is to start in the second half of 2005 and is to be complete in 2008.