Pure Biofuels Corp., a company dedicated to becoming a leader in Latin America’s burgeoning biofuels industry, announced today that it has finished the construction of an underwater pipe that will become part of Peru’s largest integrated bulk liquid terminal operation.
In addition to transporting and storing raw materials, and blending and exporting finished product from its own biodiesel facilities, the company anticipates making its tank farm available to third parties, which will allow Pure Biofuels to diversify its revenue stream with a high-margin revenue source,. Other plans include marketing its spare storage space to third parties such as refiners, distributors, marketers and industrial/commercial end-users of petroleum chemical products.
Pure Biofuels’ Chairman Chris Tewell stated, “Pure Biofuels now owns and will soon operate Peru’s largest integrated terminaling operation. Our tank farms greatly complement our primary production facility, which includes a biodiesel production plant and a blending facility. We plan to commence our terminaling operations in the third quarter in conjunction with the ramp up of our flagship Callao Port refinery, subject to pending test results of the facility.”
The Callao Port facility is able to receive Panamax vessels of up to 60,000MT of bulk liquid cargo, and also contains the two longest underwater pipes in Peru. The pipelines run to Pure Biofuel’s tank farm for the reception and delivery of raw materials. The pipelines are also used to access other fuels for blending, as well as for terminal services. The infrastructure extends across nearly 12 acres of land close to the Port of Callao, known as the largest port on the Pacific Coast of South America.
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