New Talara Refinery is profitable and is built with high technological standards

The President of the Board of PETROPERU, James Atkins Lerggios, confirmed the global progress of 70% in the construction of the new Talara Refinery, which -he said- "is the most important energy mega-project in the country, which is aligned with the mission and vision of Petroperu, contributing to the sustainability of the business; in addition to comply with current legal regulations." This was indicated in the PERU ENERGÍA 2018, annual meeting of senior executives from the Electricity and Hydrocarbons sectors.

In that sense, said Atkins, the new refinery is built to the highest standards in the region, which - once completed - will allow much cleaner fuels to be produced, with Euro VI technology. With the new Talara refinery, it will be possible to produce gasoline, diesel and LPG, with a maximum content of 50 parts per million of sulfur.

He also stressed that the construction of the new Talara refinery has generated economic dynamism at local and regional level, through the hiring of local labor and local companies. To date, local unskilled labor is around 86%, surpassing the percentage established in the Environmental Impact Study (70%).

Atkins Lerggios was emphatic in pointing out that the PMRT is a technological development that will completely modify the production scheme of the Talara Refinery, through the incorporation of new refining processes, which should end in December of 2020.

The President of PETROPERÚ also said that the new Talara Refinery requires multiple services, called Auxiliary Units, which will provide resources such as water, steam production and electricity. This component of the project is in the engineering stage, while the Process Units component is at an advance of 86.03%.

At the end, Atkins Lerggios stressed that the PMRT has a rate of return of almost 7% and, therefore, is a profitable project. "The cost of the project is within the global trend, which confirms that it is consistent and consistent, even considering that the world's leading technology licenses have been selected, such as Exxon Mobil, UOP, Haldor Topsoe and Axens"

It should be noted that this annual meeting of executives also highlighted the participation of the Minister of Energy and Mines, Francisco Ísmodes and the deputy minister of Hydrocarbons, Eduardo Guevara, as well as the owner of Perupetro, Seferino Yesquén.

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