Brazil : Pecem port needs US$1bn to prepare for refinery, steel plant.

TendersInfo | September 2, 2008 | Copyright

Byline: pinto03

Brazil's Pecem port, in Ceara state, will need a 1.7bn-real (US$1bn) investment in expansion works to handle anticipated demand, state news agency Agencia Estado reported.

Last week, Brazil's oil company Petrobras signed an agreement with the state government to install a premium refinery in the area. In addition, mining giant Vale signed an agreement with South Korean company Dong Sung to build a steel plant in the area.

The Pecem terminal - 60km from state capital Fortaleza - was inaugurated in 2002 to handle cargo from the Pecem ...

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