Several Companies Interested in Phase II Puerto Limon Refinery Modernization in Costa Rica

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Researched by Industrial Info Resources (Sugar Land, Texas) According to Costa Rica’s state-owned oil company, Recope, Astra Evangelista (Buenos Aires, Argentina), Dragados Industrial (Madrid, Spain), Honeywell (Morristown, New Jersey) and Marubeni (Japan) are interested in participating in the engineering, procurement and construction of the $160 million Phase II Puerto Limon Refinery Modernization.

Recope aims at increasing the refinery’s current production to 38,000 b/d, improve the environmental quality of its fuels, increase jet fuel production and produce higher octane gasoline, low sulfur diesel and bio fuels. In order to carry out the project, the company is planning to revamp the already existing crude unit and install the following units: a 12,000 b/d naphtha hydrocracker, a sulfur recovery, a 15, 000 b/d diesel hydrotreater and a 10,000 b/d semi-regenerative reformer.

The state-owned oil company has decided to extend EPC bidding to July 2007 and expects to begin the project by December 2007. Completion is to take approximately 28 months, for which the company plans to have phase II Puerto Limon Modernization ready by 2010. The Central American Bank for Economic Integration, BCIE, has already approved a $125 million loan, the remaining $35 million will be provided by Recope.

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