Petrobras planeja desistir do Comperj e construir Termelétrica no lugar

Petrobras Plans to Abandon Comperj and Build Thermal Power Plant Instead

Written by Renato Oliveira

Published on 25/04/2019 at 18:36

COMPERJ, petrobras, obras

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The Withdrawal From Building the Refinery Aligns With the Government’s Thinking to Reduce Petrobras’ Stake in Refining, and the Construction of a Thermal Power Plant in the Area Gains Momentum

Petrobras announced that Comperj, in Itaboraí, may cease to be a Petrochemical Complex and transform into a Thermal Power Plant.
As the state-owned company is already constructing the UPGN (Natural Gas Processing Unit) on site, the intention is to use natural gas from the Pre-salt to generate electricity.

With Petrobras’ confirmation to withdraw from the works, this will impact the agreement with the Chinese CNPC, which was to build Comperj together, with the Chinese state-owned company holding a small stake in the refinery.

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According to market discussions, the Chinese might not be very interested in the deal anymore and would not oppose a possible termination.

The project, initiated in 2008, was once considered Petrobras’ largest investment in history, consuming around US$ 14 billion from public coffers and having its works halted due to corruption indications pointed out by the Lava Jato operation.

Petrobras’ decision aligns with the latest statements from its president, Roberto Castello Branco, to start in June selling off half of its 13 refineries in the South, Southeast, and Northeast of Brazil.

The intention of the new management of the company is to end Petrobras’ monopoly and encourage free competition, thus it would not make sense to invest in a new refinery as large as Comperj when the government is in a phase of divestments in this sector.

The Thermal Power Plant

The new thermal power plant to be built in place of Comperj does not yet have a defined capacity, but its construction will replace Comperj in creating jobs in Itaboraí and the surrounding area.

During the construction of Comperj, it was estimated that 200,000 direct and indirect jobs would be created, and today the project has narrowed down to Petrobras’ ongoing search for partners to complete the works.

Did you see that the President of BNDES wants natural gas as fuel for trucks? Click here to read the article!

Petrobras Plans to Abandon Comperj and Build Thermal Power Plant Instead

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The Thermal Power Plant

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Petrobras Plans to Abandon Comperj and Build Thermal Power Plant Instead

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