Abreu e Lima Pernambuco RNEST Refinery Project
Summary Information Ownership: Petrobras Website: http://www.petrobras.com.br/ Wiki Page: Abreu e Lima Refinery RNEST Location: Recife, Brazil Capacity: 11.5 million tons/annum & 230,000 bbl/day Nelson Complexity: 9.6 Project Stage: Under Construction Expected Completion: Commissioning is expected in 2014 Budget: $12 Billion The Project Project Type: Greenfield Refinery Project Summary: Main Contractors Halder Topsoe will provide hydrogen, hydrotreater and SNOX™ units Larsen & Toubro: manufacture and supply of ten Hydrotreating Reactors and twelve Coke Drums Refining Units Atmospheric Crude Distillation Unit Vacuum Distillation Unit Delayed Coker Hydrogen Units - 2*125,000 Nm3/h Diesel Hydrotreaters - 2*83,000 BPSD Terminal Capacity Crude Oil: Refined Products: Crude Supply 50% of the crude will be Marlim Crude Oil from Brazil and 50% from Carabobo Crude Oil from Venezuela Crude will be 16 API Products Produced Some 65% of the processed volume will be diesel fuel, the oil derivative that is used the most in Brazil. Cooking gas (LPG), petrochemical naphtha, and coke – solid fuel used in the steel, cement, thermal, and aluminum industries -, will also be produced Products produced will be Euro V compliant History 2005 - Petrobras executive board approve the project 2009 - Construction contracts signed 2011 - Petrobras received a favorable opinion from BNDES, which considered acceptable the bank guaranties offered by PDVSA to partially replace the guaranty provided by Petrobras 2011 - PDVSA received a $1.5 billion credit line from the China Development Bank 2013 - PDVSA dropped out of the project, which is now owned by Petrobras 2014 - Commissioning started for the first train Other Information The initial budget was $4.05 billion Relevant Links Venezuela's PDVSA has $400 mln for Brazil refinery Petrobras and PDVSA sign an equity partnership agreement at refinery Abreu e Lima Refinery, A Refinery in Pernambuco Topsoe and Petrobras, Brazil sign contract for new refinery L&T bags largest Brazilian equipment order Information about partnership at Abreu e Lima Refinery PDVSA gets $1.5 billion China loan for refinery Executive Board Approve Refinery in the Northeast with PDVSA Merger of RNEST Abreu e Lima Refinery initiates Atmospheric Distillation Unit start-up procedure
