June 27, 2024 [Storage Terminals Magazine]- INERCO has been awarded a significant EPC project to expand the storage capacity of the Bio Bio Refinery, operated by ENAP in Hualpen, Concepcion, Chile. This project, executed in collaboration with the Chilean construction company Vial y Vives, underscores INERCO’s robust capabilities in managing large-scale turnkey projects.
The initiative involves constructing and commissioning two new 50,000 m³ crude oil tanks, along with a series of electrical supply, control, and security installations for the refinery complex operated by the Chilean state hydrocarbons company. The project, valued at approximately $44 million (with $20 million direct for INERCO), is expected to be completed within 30 months.
Pedro Marín, general director of INERCO, highlighted the significance of this contract, marking it as the largest in INERCO’s history. “This contract reinforces our positioning and solvency as a global engineering company, showcasing our human and technical capacity to undertake major turnkey projects in key sectors such as oil & gas, chemical, petrochemical, and electrical,” said Marin. He emphasised that this project is a critical support for the company’s operations, still influenced by the pandemic’s impacts.
Marin also noted INERCO’s extensive experience in engineering and technology over the past four decades, with successful projects across Europe, Latin America, and Asia. This experience has equipped INERCO with essential know-how to guarantee the success of complex projects like this one.
Additionally, Marin emphasised the strong connection between INERCO and Chile, where the company has maintained an office since 2013. INERCO has developed several notable projects in Chile, focusing on environmental, safety, and risk prevention consultancy, emission control and reduction technologies, and energy optimisation. INERCO aims to continue leveraging its expertise in these fields to contribute to Chile’s industrial growth and sustainability.
The collaborative project with Vial y Vives will distribute roles of responsibility within a joint structure, with INERCO handling a significant portion of the engineering work and consulting tasks in the region. This strategic partnership and project will bolster INERCO’s presence and operational capabilities in the South American market.
Free Trial: Access 13,300 Tank Terminal and Production Facilities
13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data
