Wayne Bertrand, the company’s president of operations, said the upgrade will be done over the next six years with companies being invited to bid for contracts at the end of the year. Bertrand said Shell Global Solutions had performed a study on the refinery to determine what was needed to make it more profitable and had concluded that an upgrade would be required. It is expected that the first set of contracts will be worth USD 300 million. Bertrand said the upgrade would not result in an increase in throughput capacity but was essentially designed to significantly reduce the amount of fuel oil produced at the plant in favour of higher-value products for markets in the Caribbean and the USA.
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