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Veolia to Build Recycling Unit at Petrobras Refinery

July 31 (Bloomberg) -- Veolia Environnement SA, Europe’s biggest water company, has agreed to build a recycling unit at Petroleo Brasileiro SA’s sixth-largest refinery.

The Alberto Pasqualini REFAP facility in southern Brazil, with a daily capacity of 200,000 barrels, will use the technology to recycle oil-bearing material back into the refinery’s coker unit, Veolia said in a statement today. Terms of the deal weren’t disclosed.

The recycling unit is expected to be operational in November and using it will save Petrobras about $1.5 million annually, Veolia said.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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