Pemex awards US$800mn refinery upgrade to Spanish firm

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Friday, March 25, 2016

Mexico's Pemex has awarded an US$800mn contract to Spanish firm Técnicas Reunidas (TR) to carry out the second phase of the low-sulfur diesel project at the state oil firm's General Lázaro Cárdenas refinery in Minatitlán (pictured), Veracruz.

The contract includes the engineering, supply, construction and operation of two new refinery units for low-sulfur diesel production of 30,000b/d and for 150t/d of sulfur recovery, as well as modifications to an existing unit, Técnicas Reunidas said in a press release.

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The first phase, costing around US$50mn, was awarded to TR in September 2014. The second phase will take an estimated three years.

The project forms part of Pemex's US$5.5bn plan to improve fuel production quality in its six refineries, producing diesel with a maximum sulfur content of 15 parts per million, reducing greenhouse gas emissions by more than 12,000t/y.

The plan will create around 12,000 direct and 31,000 indirect jobs, Técnicas Reunidas said.

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