Acciona selected to build the HVO plant of ECB in Paraguay

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Type of post: NEWS.

Last week, ECB Group signed an Engineering, Procurement and Construction (EPC) agreement with Spanish company Acciona regarding to its HVO plant in Paraguay. The so-called Omega Green Project was launched last February and represents the largest private investment in Paraguay's history.
Press release: “Banks and global companies will be the suppliers of the Omega Green advanced biofuel plant in Paraguay”, 30/10/2019.
Related post: “ECB Group will build a renewable diesel biorefinery in Paraguay”, 27/2/2019.

Figure 1. Event of the Omega Green project

On Monday, new data about the project were disclosed in an event with high-level audience, including the President of Paraguay, government authorities, foreigners diplomats, bank executives and logistics operators in the country.

Those are the highlights (some of them were already known):
- The total investment will reach 800 M$ and it is estimated that Omega Green will impact Paraguay's Gross Domestic Product (GDP) contributing with 8,000 M$ in 10 years.
- The complex will be located in the city of Villeta, about 45 km from Asunción, on a land acquired by ECB Group.
- The renewable diesel and kerosene (SPK - Synthetic Paraffinic Kerosene) produced in the facility will be exported to US, Canada and members of the European Union.
- The global banks Barclays and UBS will be the financial structurers of the project.
- Among the suppliers chosen to support the project is Honeywell UOP and Crown Iron Works.
- The construction will begin in the first semester of 2020 and is estimated to be concluded in 30 months.
- The complex will create more than 3,000 direct jobs during construction and some 2,400 jobs, direct and indirect, once operational. More than 20,000 smallholder families will benefit from social certification programs to produce raw materials.
- The complex will have a production capacity of 20,000 barrels per day of renewable diesel and kerosene. Previous news pointed out a production capacity of 16,500 barrels per day.

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