06 November 2011 20:52 [Source: ICIS news]
BUENOS AIRES (ICIS)--US-based specialty chemicals producer Albemarle and Brazilian energy group Petrobras expect to start up their joint venture hydroprocessing catalyst plant in Brazil by the end of 2014, an Albemarle official said on Sunday.
The project was approved in July, and basic engineering work is already underway, said Orlando Ocanto, Albemarle’s sales director for Latin America.
Fabrica Carioca de Catalisadores, a 50:50 joint venture between Albemarle and Petrobras, will build the plant next to its existing production facility for fluid-catalytic-cracking (FCC) catalysts in Santa Cruz in the southeastern state of Rio de Janeiro.
The project will meet demand growth for hydroprocessing catalysts, as Brazil begins to implement more stringent specifications for ultra low sulphur diesel and as Petrobras introduces new hydrotreaters to existing and new refineries over the coming years.
Petrobras is planning five refining projects, including the Comperj refinery and petrochemicals complex in Rio de Janeiro, over the next five years, Ocanto said on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
The plant, which will be Latin America’s first hydroprocessing catalyst facility, will supply Petrobras’s requirements plus the rest of the South American market, he added.
The size and cost of the project were not disclosed.
The 2011 APLA conference ends on Tuesday.
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