BioFuels Journal

Pure Biofuels Completes Underwater Pipeline That Will Become Part of Peru's Largest Integrated Terminaling Operation

Los Angeles & Lima, Peru—Pure Biofuels Corp. (OTCBB: PBOF), a Peruvian-based biodiesel company, announced July 1 it has completed construction of an underwater pipe that will become part of Peru's largest integrated terminaling operation.

Besides the expected cost advantages for transporting and storing raw materials, as well as blending and exporting finished product from its own biodiesel facilities, the Company will make its tank farm available to third parties on a per barrel or per ton per month basis, providing the opportunity for Pure Biofuels to diversify its revenue stream with a high margin revenue source.

The Company is going to market its spare storage space to third parties such as refiners, distributors, marketers and industrial/commercial end-users of petroleum chemical products.

Pure Biofuels’ Chairman Chris Tewell commented, “Pure Biofuels now owns and will soon operate Peru’s largest integrated terminaling operation. Our tank farms greatly complement our primary production facility, which includes a biodiesel production plant and a blending facility.

We plan to commence our terminaling operations in the third quarter in conjunction with the ramp up of our flagship Callao Port refinery, subject to pending test results of the facility.”

The Callao Port facility encompasses approximately 4.7 hectares (almost 12 acres) of land close to the Port of Callao, the largest port on Pacific Coast of South America. The infrastructure includes a mooring facility capable of receiving Panamax vessels of up to 60,000MT of bulk liquid cargo; and the two longest underwater pipes in Peru, running 4.1 kilometers both with a 14” diameter.

The pipelines run to Pure’s tank farm, for reception and delivery of raw materials, as well as for accessing other fuels for blending, and for terminaling services.

The site also sits near the La Pampilla Refinery, Peru’s largest refinery.

For more information, call 310-954-1100.