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8/16/2022 Sustaining the environment  | Partnerships

SHV Energy announces plans for second LPG terminal in Brazil

SHV Energy, via its Brazilian subsidiary Supergasbras, has signed a second agreement for a planned LPG import terminal in the south of Brazil. The terminal would be situated at the Coamo Port in the municipality of Itapoá in Santa Catarina.

The agreement comes six months after SHV Energy signed an agreement with Porto do Pecém, in the Northeast Region of Brazil, to investigate the future construction of an LPG (Liquefied Petroleum Gas) storage terminal in that location.

The two projects together represent a potential investment of more than BRL $1.6 billion (approximately €300 million) for the construction of two LPG import and storage terminals.

“This initiative is part of our strategic plan to create long-term supply security of a clean and efficient energy source for Brazilian consumers and businesses in a rapidly changing landscape. SHV Energy is taking the lead and with two potential terminals, we will ensure that Brazil has the right infrastructure in place to serve the growing demand for LPG,” said Michael Kossack, Management Board Member and Chief Operating Officer of SHV Energy.

The planned storage capacity at the Coamo Port terminal is 38,000 tonnes of LPG, with an annual throughput volume of 425,000 tonnes. The tanks will be used for the storage of locally produced and imported LPG.

Said Airton Galinari, Executive President of Coamo: “Coamo is pleased to have Supergasbras as a potential partner to operate LPG gas as the company has all the knowledge and experience to ensure a successful initiative.”

As a next step, Supergasbras will now undertake in-depth environmental assessments and technical feasibility studies

About Supergasbras
Supergasbras is a leading distributor of LPG in Brazil, with about 20% market share, and has been operating in the country for close to 75 years. Supergasbras is a 100% subsidiary of SHV Energy, serving 10 million families and 60,000 businesses in all parts of the country except for the Amazon region. The company employs about 4,000 people and sells around 1.5 million tonnes of LPG per year. Its key product is the 13-kilogram cylinder used for cooking.