Coastal Refinery Modernization
Project Overview
This project involves the comprehensive modernization of an existing refinery located on Spain's Mediterranean coast. The facility has been operational for 25 years and requires significant upgrades to improve efficiency, increase capacity, and meet modern environmental standards. The modernization will include installation of new distillation units, catalytic crackers, and emissions control systems.
Key Features
- Current capacity of 120,000 barrels per day, expanding to 180,000
- Deep-water port access for efficient crude delivery
- Pipeline connections to major distribution networks
- Upgrade to produce higher-value refined products
- State-of-the-art emissions control technology
Implementation Timeline
Scalability Options
- Phased implementation allowing for staged investment
- Additional petrochemical production capabilities
- Renewable fuel integration options
Regulatory Considerations
Environmental impact assessment in progress. All necessary permits for modernization being secured. Project designed to exceed EU emissions standards.
Market Potential
Strong regional demand for refined products with limited local competition. Modernization will allow production of higher-margin products and reduce operating costs, significantly improving profitability.
Investment Details
Project Type
refinery
Investment Sought
$85,000,000 USD
ROI Estimate
15.2%
Status
Feasibility