Published On: Mon, May 16th, 2016

Parliament critical of the lack of information future oil refinery

MDPTWILLEMSTAD – During the presentation of the Multidisciplinary Project Team (MDPT) in parliament on the future of the oil refinery, the MPs stressed that there should be more transparency towards parliament and the community about the process of the negotiations with the Venezuelan State Oil Company PDVSA.

The Central Committee meeting last week was requested especially to receive information about the progress made in the process. The MDPT gave a brief information about the two-track route they are currently focusing on.

The first is the option of modernizing the refinery, which envisages a reduction of harmful emissions by switching to LNG. A new gas terminal will be built at Bullenbaai. The refinery will remain at its current location.

Chairman of the MDPT, Werner Wiels stated that by switching to LNG, it would reduce the CO2 emissions by 22 percent, sulfur dioxide SO2 by 99 percent and particulate matter by 90 percent. Werner also indicated that the refinery is vital for Curaçao because of the possibility to produce a wide variety of products from fuel oil, lubricating oil to kerosene and for this reason the island is in a rather unique position.

For this conversion to LNG, according to Wiels, there are many different parties in South and North America, Asia, but also investors from other countries interested. There are also talks with an American-Canadian company for the gas terminal. PDVSA is noted as a partner for the delivery of crude oil.

The second option is the redevelopment of the oil refinery area during the closure of the refinery. Ulrich Bakhuis, a member of the multidisciplinary team indicated that they are currently studying this option. He gave a presentation to parliament showing that there are six different scenarios. They are currently looking at the possibility for the redevelopment of the western part of the terrain bordering the Nijlweg, which is now a wasteland but is heavily polluted. For example, a hybrid mode has been described with partial redevelopment of the site.

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