Fexpetrol, which is a division of FuelEnex, Inc., is active in a project which consists of the construction of a refinery with a processing capacity of approximately 300,000 barrels per day. It has the possibility for short-term expansions, in order to process light and heavy crude oil. The technology to be used is one of the most advanced in the world due to its efficiency and minimal environmental impact.
The refinery will be located in the south of the Island of Tenerife (Spain) on land adjacent to the Port of Granadilla. It will occupy an area of approximately 200 hectares owned by different Spanish institutions, including the Central Government, the Regional Government and the Council of the Island.
The refinery will be capable to process 300,000 barrels per day (B/D), with crude oils from African and Central Asia producers, which will allows us to obtain products of high demand with an Euro-5 quality such as diesel (ULSD), Aviation Kerosene, gasoline (Super-95), base oils API Group III and others.
The Canary Islands has constantly expanded their port areas. Therefore, it is capable of maintaining a dense traffic of vessels without any delays.
The Canarias archipelago has the advantage of being a Spanish territory and, therefore, part of the European Union. In addition, it is located off the northwest coast of Africa, geostrategic between Europe, America and Africa.
The refinery is designed to specifically meet the needs of the internal and external market of neighboring locations (short delivery distances), with possibilities for future short-term expansions.
The Port of Granadilla has a great depth that makes it suitable to operate with large oil tankers. For the construction of the refinery, state and regional subsidies and incentives have been requested since the project considers the creation of approximately 3,500 direct jobs (maximum demand in the construction phase) and 12,000 indirect jobs. During the normal operations of the refinery, approximately 1000 direct and 2,000 indirect jobs will be required.
There is security to have the support of the authorities involved to obtain all the necessary permits for the construction and operation of the Refinery, since the existing refinery, located in Santa Cruz de Tenerife, was definitively closed due to its obsolescence and lack of profitability for more than two years.
Spain is a member state of the European Union and its institutions and the rule of law guarantee full legal security for investments. On the other hand, from the technical point of view, Canarias has local technicians with high specialized training in industrial and productive sectors.
The construction of this Industrial complex will have a great relevance and importance for the economic development of the Canary Islands, the Kingdom of Spain, the European continent and Africa, as it will be a complex built with the latest technology, which will allow us to refine crude oils with an API from 12 to 60. This refining advantage will permit the refinery to supply fuels of Quality Euro 5, and contribute to the care of the environment.
• 87, 88, 89, 90, 91, 95, 100LL (Avgas) Octane
• Ultra Low Sulfur Diesel (ULSD) for motor vehicle
• Low Sulfur Diesel primarily for off-road
• Off-road diesel for railroad locomotive/marine use
• MGO (Marine Gas Oil)
• LSMGO (Low Sulfur Marine Gas Oil)
• MDO (Marine Diesel Oil)
• IFO380 / IFO180 (Intermediate Fuel Oil)
• LS380 / LS180 (Low Sulfur Intermediate Fuel Oil)
• MFO (Marine Fuel Oil) - same as HDO/HFO
Jet Fuel Products:
• Commercial jet fuel
• Military jet fuel
Asphalt and Bitumen Products
• Molten sulfur
• Prilled sulfur
• Benzene Toluene
• Delayed coke
• Fluid coke Custom
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