Brazil's Largest Petroleum Refiner Plans $4.3 Billion in Capital Expenditures to Meet Future Sulfur Content Regulations, in an Advisory by Industrialinfo.com.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Aug. 16, 2001 The following is an advisory by Industrialinfo.com (Industrial Information Resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. Incorporated; Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the ). Petrobras (Rio De Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r ), Brazil's largest petroleum refiner, is currently planning
to spend $4.3 billion to upgrade and expand five of its 10 refineries
located in Brazil to process low-sulfur content Brazilian crude oil and
increase refinery capacities. Sulfur contents in gasoline and diesel
produced by Petrobras are currently 1,000 parts per million parts per millionmg/kg or ml/l; see ppm. (ppm) and 2,000ppm respectively. These refinery expansions will enable Petrobras to meet the Brazil's National Petroleum Agency's (NPA (1) (Numbering Plan Area) The Bellcore/Telcordia telephone area code system in use in the U.S., Canada, Alaska, Hawaii and islands in the Caribbean. See NPA code. (2) (Network Professional Association, San Diego, CA, www.npanet. ) 2005 mandate by lowering sulfur content for gasoline to 440ppm and diesel to 500ppm. In anticipation of even stricter regulations in 2008, Petrobras has already begun planning to reduce sulfur content to 80ppm for gasoline and 50ppm for diesel. Petroleum refining in Brazil has been restricted in the past to a limited few but by the end of 2001, the government plans to lift those restrictions allowing foreign companies to process crude oil in Brazil. This move by the government will create competition that has not been seen by Brazilian refiners in past. Presently, Petrobras is considered a monopoly in Brazil as a majority of the refineries are owned and operated by Petrobras. Restrictions for onshore oil drilling blocks have recently been lifted in Brazil through open bidding and Petrobras has successfully acquired rights to eight of the 10 drilling blocks offered so far. "Petrobras' ambitious spending plans will help ensure their market position in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and demonstrate their dedication to producing a high quality product," says RaaShon Evans, Petroleum Refinery Industry Specialist with Industrialinfo.com. Petrobras, a 50-year old company, has a dominant presence in Brazil and by 2005 they are planning to have a refinery throughput of 2.1 million barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. . Petrobras operates as an integrated energy company with plans to increase oil and gas production at an average annual rate of 11%. For more information on trends and upcoming construction activities in the international and domestic petroleum refining markets as well as other industrial sectors send inquiries to refininggroup@industrialinfo.com visit us at www.industralinfo.com. |
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