Skanska To Build Brazilian HDS Unit

(financialwire.net via COMTEX) -- SKSBF | news | PowerRating | PR Charts -- March 7, 2008 (FinancialWire) Skanska (OTC: SKSBF | news | PowerRating | PR Charts ) has secured a contract to build a hydrodesulphurization unit at a refinery in Brazil. Skanska's contract amount totals $150 million, which is included in order bookings for the first quarter.

The customer is Refap, a consortium comprising the state-owned Brazilian oil company Petrobas and privately owned Spanish-Argentine Repsol YPF. This is Skanska's third project for Refap in the past four years.

The contract covers construction of a hydrodesulphurization unit at Alberto Pasqualini refinery in Rio Grande do Sul. The facility will have a capacity to process 5,000 cubic meters per day. The scope of the contract includes detail engineering, purchasing, construction, electromechanical installations, and assistance with commissioning and start-up of the plant.

The project is part of a nationwide environmental program to reduce sulphur contaminants in petroleum products. Work begins in April and is scheduled for completion within 30 months.

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