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Petrobas goes in for force majeure to upgrade plant

14
Oct '08
Brazil's biggest state owned petrochemical major Petrobas has gone in for a force majeure since 3rd October, 2008. The planned maintenance shutdown is expected to run for a period of 46 days and has been planned mainly to upgrade its plant and equipments.

Fibre2fashion spoke to a company official who confirmed the news and said “The refinery entered in to a shutdown on October 3. This maintenance and upgrade had being planned for two years to fulfill the missions of Petrobas namely Health, Safety and Environmental aspects.”

The official added by saying that “market supply is guaranteed by appropriate inventory levels and besides this investment of R$ 170 million on upgrading of equipment which includes its distillation unit is expected to create 3,850 temporary jobs.”

The company has assured its clients of delivery of Naphtha and other products during the upgrade period.

Fibre2fashion News Desk - India


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