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Petrobras Pasadena demolition paper mill provides site Refinery Expansion

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This topic contains 1 reply, has 1 voice, and was last updated by  Charles Randall 13 years, 4 months ago.

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  • #3493

    Charles Randall
    Participant

    Press Release

    Completion of Demolition Marks the Beginning of a Possible Refinery Expansion in Texas,

     
    Industrial Info Resources / SUGAR LAND, TX–(MARKET WIRE)–Jul 30, 2008 
     — Pasadena Refining System Incorporated (PRSI) (Pasadena, Texas) is nearly complete with the demolition of a former paper mill located adjacent to its site. The former paper mill site is located immediately across from the refinery and provides the space necessary for a planned expansion of the PRSI refinery, which will cost an estimated $1 billion to complete. PRSI is a joint venture of Petroleo Brasileiro S.A.  (Petrobras) (Rio de Janeiro, Brazil) and Astra Holding USA Incorporated (Huntington Beach, California), who jointly participate in the management of refinery and trading operations.
     

  • #6667

    Charles Randall
    Participant

    Here is update on Petrobras expansion of Pasadena coking refinery and I am sure this is setting stage for Petrobras doing their heavy crude expansion as stated in news item (and will likely use some of their new offshore crude production) & should need a coker expansion – but no news on one yet. The old calciner and the papermill have been slated for demolition for several years now according to Jacobs folks.
     
    If Petrobras does purchase Aruba they have stated they would try to sinc operations with Pasadena refinery – perhaps could be Pasadena FCC taking gasoil (ie Aruba has no FCC) or Aruba doing some resid processing (Pasadena anode coker won’t handle lot heavy crude resid incremental charge)? But nothing has been heard from Petrobras board since May 2008 when they were to make a decision on Aruba, and given today’s refinery margins, economy and all capital projects Petrobras has in progress the outlook isn’t good for Valero to be able unload Aruba to Petrobras at this time.
     
    Regards

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