Saturday, September 30, 2023

Three more US firms throw in bids to build Guyana’s refinery

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Quanten Consortium Angola LLC, Environmental Solutions Inc. and SPEC Energy DMCC are the latest US-based companies bidding to build Guyana’s 30,000 barrels per day modular refinery.

Quanten said it focuses on developing “transformational projects” in emerging markets with interventions that support deep, systemic and sustainable change. The company has offices throughout the US and in Luanda and Angola.

Headquartered in Houston, SPEC touts itself as the premier single-source solutions provider for mid-size onshore projects. SPEC performs engineering, design, project management, procurement, manufacturing and construction services for oil and gas processing, well pad and pipeline construction, power, petrochemical and water treatment.

The final company on the list – Environmental Solutions – said it offers training and consulting services, along with project development and management, using the Environmental Management Systems (EMS) principles.

CH4 Guyana Inc. & Lindsayca Inc. in collaboration with Sol Guyana Inc.; Freight N Cargo Logistics Inc.; DRL Engineering in collaboration with Globe Engineering Supplies & Services FZC (GESS) and Berbice Green Refining Inc. in a joint venture with ARC Energy, Polaris EPC, and Barson SG are the other firms bidding to build the refinery.

The Request for Proposals (RFP) was issued in October for the refinery to be constructed at the mouth of the Berbice River in the vicinity of ‘Crab Island’. Construction should start by Q1 2023 and be completed two years later.

The refinery will be owned and operated by the private sector, with no investment interest or ownership role taken by the government.

It will provide to the selected firm 30 acres of land, a 10-year tax holiday, a supply of feedstock (oil) from Guyana’s share of profit oil at market prices and access to the domestic market for the sale of refined products (if desired).

The refinery is being built to ensure Guyana’s energy security.

Rystad Energy’s Senior VP, Schreiner Parker had urged Guyana to consider the long-term viability of such an investment, given the energy transition.

Guyana’s Caribbean sister state, Trinidad and Tobago, already has a good lesson for what not to do. The dilemma surrounding Mexico’s Dos Bocas Refinery is another.

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