"Upgrading" for Asphalt Production Requires a Budget of 30 Million Dollars
08.09.2023 By Tank Terminals - NEWS

August 9, 2023 [Curacao Chronicle]- To achieve the necessary “upgrading” and reconstruction of the facilities on the refinery’s premises, an investment ranging from 20 to 30 million US dollars is required. This was presented by the Curaçao Refinery Utilities (CRU) as part of the “training to start asphalt production.” 


The reconstruction phase will take 9 months, and the majority of the involved personnel will come from Curaçao. This is considered a promising start, according to CRU’s presentation. Starting from September 1, 2023, the existing CRU personnel will receive a definitive employment contract with improved secondary conditions. This information is provided in CRU’s presentation on the “Start up of Asphalt Train” project. 


According to CRU’s presentation, Global has signed two contracts. One with the Curaçao Refinery and also with Curaçao Refinery Utilities, CRU. In the contract with RdK, Global assumes responsibility for the operation and maintenance of the following: 1. Asphalt production units. 2. Utility production. 3. Facilities for importing propane and butane. 4. Operation of three tank farms (crude, asphalt, and petroleum distillates). 5. Thermal Cracking. This contract allows for potential expansion in the future. The contract is signed for five years with the possibility of a twenty-year extension. The contract also leaves room for the entry of a new operator on the island. 


The role of CRU in the asphalt structure is to provide support. CRU is responsible for delivering the following services under Global’s instructions: 1. Operating all Asphalt and Utility units. 2. Managing the import of Propane and Butane. 3. Operating three tank farms under Global’s management. Additionally, CRU is responsible for services not falling under Global’s management: 1. Safety and Fire Prevention. 2. Laboratory Services. 3. Jetty and Terminal Services. 


The contract between Global and RdK expands the scope and coverage of activities at CRU. Regarding Jetty services, CRU is coordinating with both Curoil and now also with Global. Global Oil is a renowned company that operates internationally and in the United States. In the past, they had already signed a contract with PDVSA in 2019 through their subsidiary company Erepla. Erepla LLC was in a contract with PDVSA where they committed to invest 500 million US dollars in the upgrading of various crude refining plants in Venezuela. 


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