23 May 2012 22:55 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Petroperu will authorise French bank Societe Generale to structure the financing of a $1.7bn (€1.3bn) project to modernise its Talara refinery in northwest Peru, the state-run energy producer said on Wednesday.
The agreement will allow Societe Generale to analyse, evaluate, and design the financial framework for the project.
Petroperu wants to increase the refinery’s production from 65,000 bbl/day to 95,000 bbl/day.
In addition, the refinery would produce high-octane gasoline, co-produce hydrogen, convert waste fuels into light gas and become energy self-sufficient, the company said.
The modernised refinery is expected to start by June 2016, the company said.
($1 = €0.79)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|