Acciona selected to build the HVO plant of ECB in Paraguay
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.