Total Petroleum to invest $32M in Puerto Rico
Total Petroleum Puerto Rico Corp. announced Wednesday plans to invest some $32 million to expand and renew its terminal located in Guaynabo.
The investment will include the expansion and significant improvements in the facilities and implementation of modern equipment, positioning the terminal at the forefront of technology in the market, said Philippe Jaurrey, general manager for TPPRC.
“The improvement and expansion project will double its storage capacity and thus its competitiveness and flexibility in the best interests of consumers,” he said. “It will also be incorporating equipment with the latest technology in the market, acquiring the best security systems and services in the facilities.”
The project will get underway this year and should be completed by the end of 2016. More than 100 direct and indirect jobs should result of the plan that also calls for reforming the terminal’s piping and fuel loading equipment.
“Total is here to stay. We believe and are committed to contribute to the economy and the oil industry in Puerto Rico,” Jaurrey said. “Each year the company invests more than $10 million on the island, in the maintenance and improvement of its stations. It supports 107 direct jobs and about 2,000 indirect jobs.”
“We work under a long-term plan to continue investing in the island. Our vision is to always be at the forefront with modern and innovative technologies in our stations and terminals, to continue to position ourselves as leaders, offering products and services of the highest quality,” he concluded.