Mataripe Refinery, The Second Largest Refinery In The Country, Underwent 1.1 Billion Reais In Investments And Now Refines 302,000 Barrels Of Oil Per Day

Written by Bruno Teles

Published on 21/02/2023 at 14:24

Updated on 17/03/2023 at 17:21

Refinaria de Mataripe (Foto/divulgação)

Uma pessoa reagiu a isso.

Petrobras Has Historically Been the Main Responsible Party for the Fuel Refining Market in Brazil Importing Oil, but the Privatization of the Mataripe Refinery in Bahia to the Arab Fund Mubadala in 2020 Created a New Milestone for the Sector.

The company’s CEO, Luiz de Mendonça, spoke in an interview with VEJA about the challenges faced and the role of the private sector in this process. According to Mendonça, the main challenges that Acelen must face are the inconsistencies in the Brazilian regulatory and tax framework, as there are few promised privatizations for the private sector. However, another major obstacle was Provisional Measure 1157, which exempted oil only until February 28.

Without the renewal of this measure, private refineries in Brazil would have to bear a significant accumulation of PIS/Cofins credits — about 5 billion reais — making maximum fuel production unfeasible.

Mendonça also emphasized that there is a problem due to the government’s lack of response regarding the demand for fuel tax exemptions. The executive warned that the lack of renewal of this measure will mean higher fuel prices in the Northeast and a reduction in production, also harming the State of Bahia, as Acelen represents 10% of the GDP and 17% of local ICMS.

ARTICLE CONTINUES BELOW

Acelen CEO, Luiz Mendonça Talks About Company Expansion and Job Creation

Despite these challenges, Mendonça believes in Acelen’s ability to overcome these issues and continue advancing toward its goals. According to him, if there is an improvement in the Brazilian regulatory and tax framework and it becomes possible to address the issues related to fuel tax exemptions, there will be significant growth in both production and refinery results. Thus, the advances achieved by the private sector can be maintained and expanded.

Acelen, a Brazilian Private Refinery, Is Making It Possible to Increase Refining Capacity in the Country.

Recently, it was the subject of a privatization process that brought a significant amount of investments to the sector. Despite rumors that this privatization could be reversed, there has been no indication from the government of an attempt to undo this process.

Even so, Acelen faces other challenges in managing the sector that need improvement. One of them is Petrobras’s International Price Parity pricing policy, which makes it more advantageous for the company to export to China or Europe than to sell to other Brazilian private refineries.

To address the challenges faced by the sector and improve domestic supply, Acelen has been investing at the same level as Petrobras and creating 1,200 jobs. According to company executives, it is healthy to have an Acelen in the market to attract new investments and modernize refining facilities. As such, they believe that changes to Petrobras’s pricing policy would not negatively affect their company, as they have great agility to adjust prices weekly depending on the international market.

Thus, despite the challenges faced by the sector and the concerns surrounding the privatization of Acelen, there are several initiatives being taken by the company to ensure profitable investments and stimulate the development of the Brazilian energy sector with safety and transparency.

SOURCE: REVISTA VEJA

Mataripe Refinery, The Second Largest Refinery In The Country, Underwent 1.1 Billion Reais In Investments And Now Refines 302,000 Barrels Of Oil Per Day

Petrobras Has Historically Been the Main Responsible Party for the Fuel Refining Market in Brazil Importing Oil, but the Privatization of the Mataripe Refinery in Bahia to the Arab Fund Mubadala in 2020 Created a New Milestone for the Sector.

Acelen CEO, Luiz Mendonça Talks About Company Expansion and Job Creation

Acelen, a Brazilian Private Refinery, Is Making It Possible to Increase Refining Capacity in the Country.

Family without running water in the interior of Ceará takes out a loan to drill an artesian well and discovers possible oil, but cannot use it, cannot sell it, and is left with a debt of R$ 15,000.

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

The U.S. Army bets on the multifunctional MV 75 aircraft with cutting-edge technology that promises to revolutionize modern warfare by combining extreme speed, greater range, and unprecedented operational efficiency.

Few people know, but in Brazil there are cities with curious names like Feliz Natal, Não-me-Toque, and Varre-Sai, which may seem like random names, but originated from real events, local habits, and natural characteristics.

No one told you this about rosemary: there is a plant that silently rots its roots, and the place where you plant it makes all the difference between a vigorous herb and a dead plant in just a few weeks.

End of the RAM memory crisis? Google develops a new method that changes memory usage in AI and allows for reduced computational costs while maintaining consistent performance in increasingly demanding applications.

The population receives free public transportation after the surge in fuel prices, and the government reacts to the energy crisis affecting the entire country in 2026 in Pakistan.

Mataripe Refinery, The Second Largest Refinery In The Country, Underwent 1.1 Billion Reais In Investments And Now Refines 302,000 Barrels Of Oil Per Day

Petrobras Has Historically Been the Main Responsible Party for the Fuel Refining Market in Brazil Importing Oil, but the Privatization of the Mataripe Refinery in Bahia to the Arab Fund Mubadala in 2020 Created a New Milestone for the Sector.

Acelen CEO, Luiz Mendonça Talks About Company Expansion and Job Creation

Acelen, a Brazilian Private Refinery, Is Making It Possible to Increase Refining Capacity in the Country.

Family without running water in the interior of Ceará takes out a loan to drill an artesian well and discovers possible oil, but cannot use it, cannot sell it, and is left with a debt of R$ 15,000.

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

The U.S. Army bets on the multifunctional MV 75 aircraft with cutting-edge technology that promises to revolutionize modern warfare by combining extreme speed, greater range, and unprecedented operational efficiency.

Petrobras Expands Refining in Brazil, Increases Production of Diesel S-10 and Gasoline, Enhances Operational Efficiency, and Reduces Import Dependence Between 2023 and 2025

Petrobras’ Refap Sets Historic Records for Gasoline and S-10 Diesel Production in Canoas in Q4 2025, Surpassing Previous Figures

Revap Starts Operation of Modernized HDT and Petrobras Expands S-10 Diesel Production by 80% at the Refinery, Boosting Supply of Less Polluting Fuel in Brazil

Thermal Power Plant in Rio Grande do Sul Is Key to Attracting GWM

Petrobras Refinery (Refap) Sets New Record: Production of 274.8 Million Liters of S-10 Diesel in November Boosts Supply of Clean Fuels

Few people know, but in Brazil there are cities with curious names like Feliz Natal, Não-me-Toque, and Varre-Sai, which may seem like random names, but originated from real events, local habits, and natural characteristics.

No one told you this about rosemary: there is a plant that silently rots its roots, and the place where you plant it makes all the difference between a vigorous herb and a dead plant in just a few weeks.

End of the RAM memory crisis? Google develops a new method that changes memory usage in AI and allows for reduced computational costs while maintaining consistent performance in increasingly demanding applications.

The population receives free public transportation after the surge in fuel prices, and the government reacts to the energy crisis affecting the entire country in 2026 in Pakistan.