Toyo Setal Will Resume Work at the Rio de Janeiro Petrochemical Complex
Work at the Rio de Janeiro Petrochemical Complex, or COMPERJ, has been interrupted since 2015. However, Toyo Setal, a large-scale industrial contractor in Brazil, has won the bid. It has 18 months to complete the work.
According to Toyo Setal, this is a particularly important project as it marks a resumption of work with its traditional partner, Petrobras. As well, the contractor had already done a complete assessment of the site and was prepared to issue a complete plan of operations.
A particularly difficult obstacle to winning the bid was the number of companies in the running. A common denominator between all bidders was that each had already worked with Petrobras and shown a capacity to handle the work. Much of the differentiation lay in the bid-offer. As well, the sector had experienced a considerable hit due to economic circumstances in Brazil. Many companies had little opportunity to build up a portfolio and were interested in the work.
For the region and the town of Itaboraí, where the COMPERJ is located, returning work is good news. The economic situation in Brazil and stopped work at the COMPERJ were particularly difficult for the region. The utilities work alone is expected to result in 1,000 direct jobs, each one generating four supporting jobs.
Toyo Setal/Estaleiro EBR is a Brazil-based contractor that focuses on the development and completion of highly-complex industrial projects. It works on the EPC, or engineering, procurement and construction, basis. It has global experience operating in Oil & Gas, Petrochemical, Mining, Fertilizer and Energy. It’s also a subsidiary of TS Participações e Investimentos SA.
Toyo Setal works with a high-performance team of multidisciplinary professionals committed to delivering comprehensive solutions tailored to a client’s specific needs. The company is equipped to work according to different national and international standards with a focus on safety, productivity and profitability within the contract deadline.
COMPERJ is a Petrobras supply project. It was planned to process oil and gas from pre-salt superfields. However, the lack of requisite private-sector partners caused COMPERJ to redirect as a refinery capable of producing hundreds of thousands of barrels of gasoline, diesel and other oil-based products per day.