Ultracargo Wins Auction in Maranhão and Will Build New Fuel Terminal at Itaqui Port

Written by Valdemar Medeiros

Published on 11/04/2021 at 10:43

Porto do Itaqui em São Luís – MA – Fonte: Imirante

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Ultracargo Wins Auction for Leasing Area IQI13 at Porto do Itaqui, Maranhão, for Fuel Storage

On the night of last Friday (09), Ultrapar (UGPA3) announced that Ultracargo won the auction for leasing area IQI13 at Porto do Itaqui, Maranhão, for storage and handling of liquid bulk, especially fuels. The lease has a contract duration of 20 years, which can be renewed for up to 70 years.

New Terminal of Ultracargo at Porto do Itaqui – Maranhão

According to Ultrapar, a new terminal will be constructed with a static capacity of at least 79 thousand m3 in the leased area for the distribution of fuels at Porto do Itaqui located in São Luís – Maranhão.

The start of operations in Maranhão will commence within 5 years from the contract signing date. For this to happen, Ultracargo’s investment will be approximately R$ 310 million, to be disbursed over six years.

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Furthermore, according to the company, this new investment at Porto do Itaqui is linked to Ultracargo’s strategy for expansion and profitability, in line with what the company has been informing its shareholders and the capital market.

Porto do Itaqui in Maranhão is a Strategic Location for Ultracargo’s New Fuel Terminal

YouTube video — Porto do Itaqui Increases Grain Handling

Ultracargo considers that Porto do Itaqui, Maranhão, has a strategic location regarding fuel distribution in Brazil, where Ultracargo already operates a terminal with 109 thousand m³.

Thus, the new terminal at Porto do Itaqui will be interconnected with the current one, providing customers with more flexibility in fuel transport, as well as stimulating the development of the economy and consequently job creation in the state of Maranhão.

Profit in the Fourth Quarter of 2020 for Ultrapar

Announced on February 24, Ultrapar’s results for the fourth quarter of 2020 showed a net profit of R$426 million, compared to a net loss of R$ 266.5 million in the same quarter of the previous year.

According to the report, the company set record results in 2020 in Oxiteno, Ultragaz, and Ultracargo, and strong growth in results from Extrafarma, mitigating the impacts of the pandemic on Ipiranga’s results.

In 2020, the net profit was R$928 million, an increase of 130% over 2019, of which R$ 480 million will be distributed as dividends. Meanwhile, net revenue was R$ 23.2 billion between January and December of last year, while the same months of 2019 recorded R$ 23.6 billion, a decrease of 2%.

Ultracargo Wins Auction in Maranhão and Will Build New Fuel Terminal at Itaqui Port

Ultracargo Wins Auction for Leasing Area IQI13 at Porto do Itaqui, Maranhão, for Fuel Storage

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Ultracargo Wins Auction in Maranhão and Will Build New Fuel Terminal at Itaqui Port

Ultracargo Wins Auction for Leasing Area IQI13 at Porto do Itaqui, Maranhão, for Fuel Storage

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