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Noxis Energy announces investment of BRL 5,3 billion in a new refinery project in Ilhéus to expand its presence in the fuel market

Written by Ruth Rodrigues
Published 30/04/2023 às 23:58
The new refinery in Bahia will be essential for expanding fuel production in the region. Noxis Energy's billionaire investment will bring even more benefits to the future project.
Photo: Shutterstock

The new refinery in Bahia will be essential for expanding fuel production in the region. Noxis Energy's billionaire investment will bring even more benefits to the future project.

The giant Noxis Energy has a new project under development in the state of Bahia. It is a refinery that will be installed in Ilhéus, with a investment of R$ 5,3 billion over the next few years. The plant will have a refining capacity of more than 5 million tons of fuel per year, ensuring even more quality and efficiency in the region's market.

New refinery construction project in Ilhéus is Noxis Energy's big bet for the Brazilian fuel market in the coming years

The Brazilian company Noxis Energy announced that it plans to set up a refinery in Ilhéus, on the Costa do Cacau, with an investment of R$ 5,3 billion.

The new plant will be used to produce liquefied petroleum gas (LPG), gasoline A, automotive and marine diesel and marine fuel oil (bunker).

In addition, the refinery will have the capacity to produce more than 5 million tons of fuel per year and works should begin in 2024.

The venture was the subject of a protocol of intentions signed with the State Economic Development Secretariat (SDE) and foresees the generation of 3,5 jobs during the construction of the refinery and another 600 direct and indirect jobs in the operation phase.

The Bahian refinery will produce Bunker and Maritime Diesel, fuel suitable for ships, gasoline for motor vehicles and diesel oil for the road and rail sectors, aimed at transporting cargo and passengers.

Liquefied petroleum gas (LPG) will be produced for use as fuel in heating appliances and cooking equipment.

The company's idea is to work, over the next 20 months, on structuring the project, in addition to environmental studies. The project does not yet have a raw material supplier, nor a defined anchor customer.

The Secretary for Economic Development, Angelo Almeida, pointed out that Bahia will gain one more refinery, in addition to the two already in operation: Acelen, the company that manages the Mataripe Refinery, and Dax Oill Refino, located in Camaçari.

He believes that the project will be essential not only for the fuel market, but also for the entire economy of the state of Bahia.

Noxis Energy targets market growth in Brazil with new project in Bahia

Noxis Energy is a Brazilian company based in Rio de Janeiro, founded in 2018, which aims to develop clean and sustainable energy projects, in addition to producing fuels with energy efficiency and less environmental impact.

It plans to expand its business and meet the demand of different regions of the country, producing a wide range of fuels.

The implementation of the new refinery in Ilhéus, on the Costa do Cacau, will be an important milestone for the company, which will have the opportunity to expand its business and generate jobs in a strategic region of the country.

In addition to strengthening the region's and country's economy, the new refinery will also bring environmental benefits, as Noxis Energy is committed to adopting sustainable and responsible practices in its operation, aimed at reducing negative impacts on the environment.

Now, the company will continue with the billionaire investment to develop the new refinery project in Ilhéus as soon as possible.

Ruth Rodrigues

Graduated in Biological Sciences from the State University of Rio Grande do Norte (UERN), she works as a writer and scientific disseminator.

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