Brazil Logum to start Ribeirao Preto-Uberaba ethanol pipeline construction works in Apr

(SeeNews) - Apr 3, 2013 - Brazilian consortium Logum Logistica will launch the construction of a 169-km (105 miles) ethanol pipeline stretch between Ribeirao Preto in Sao Paulo state and Uberaba in Minas Gerais state, later in April 2013.
The project, which also includes the construction of a terminal in Uberaba, suffered a delay due to changes in the structure of the consortium. Initially, it was formed by Brazilian Petrobras (SAO:PETR3) and Camargo Correa and Japanese Mitsui (TYO:8031). However, Mitsui decided to exit the partnership and thus the Logum Logistica consortium was set up. Hence, the project was redesigned, which caused the delay, Uberaba's deputy economic development secretary Edson Fernandes explained.
According to Fernandes, Logum has rented a terrain in Uberaba, where units for storage and ethanol pumping will be built. The investment in the terminal in Uberaba will reach BRL 150 million (USD 74.3m/EUR 58m) and the construction is seen to continue 18 months.
The first part of the ethanol project, which includes a pipeline between Ribeirao Preto and Paulinia and a terminal in Ribeirao Preto, all in Sao Paulo, has started in November 2010 and it is in its final construction phase.
(BRL 1 = USD 0.495/EUR 0.387)

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