Tecnicas Reunidas will be responsible for the engineering, procurement and construction (EPC) phases. The project is valued at $2.7 billion. The Talara project is the largest refining turnkey project awarded to the contractor; a milestone previously achieved by Tecnicas Reunidas in 2011 with another turnkey refining project in Turkey valued at $2.4 billion.

This project includes design and detailed engineering, procurement of all equipment and materials, construction, and assistance to the start-up of the facility within a schedule of 55 months. The main refinery objectives are to produce diesel and gasoline fuels according to the new Peruvian environmental requirements, which sets the maximum sulfur content at 50 ppm while maintaining competitive prices.

The Talara refinery modernization project will also contribute to reducing environmental impact, production of high-quality transportation fuels and increased refining flexibility to process heavy crudes.

As part of the environmental goals, the revamped refinery will reduces complex emissions and generate electricity for the refinery. The project includes facilities to desalinate sea water and purification capabilities to avoid impacting local aquifers.

The modernization project will increase the throughput capacity from 62,000 bpd to 95,000 bpd. Upgrades include:

• Expansion and updating of existing process units: crude and vacuum distillation units and catalytic cracking complex
• Construction of new processing units: diesel hydrotreater, cracked-naphtha hydrotreater, vacuum distillation unit, flexicoker, naphtha hydrotreater, naphtha catalytic reformer, amine unit and cogeneration unit
• Expansion and upgrade of the utilities and offsites facilities.

Petroperu is a state-owned company under private law and engaged in the exploration, production, transportation, refining, distribution and commercialization of combustible fuels and other petroleum-based products. The company is among the major contributors to the Peruvian state.