He Ancap Group presented a profit of 85 million dollars during 2023 and confirmed its good present, according to the result of the annual exercise presented this Thursday, where the authorities of the state company also announced investments in the area of the renewable energy.
According to the report, released at a workshop for journalists where he participated Ambit, Regarding the market where there is a monopoly, the company’s balance sheet shows a loss of 29 million dollars, with the fact that 67 million were given up due to sales below the import parity (for prices administered by the Executive power controlled by the Ursea (50 million) and the subsidy of supergas 17 million dollars.
Where the company is not a monopolist, the result is reversed with a profit of 67 million, the contribution of the profits of the related companies of 28 million and 31 million of the sales result to UTE for electricity generation.
The sector portland It still has a high loss, valued at 25 million dollars. As for the supergas, The report states that in January 2023, 1.6 million carafes, reaching 260 thousand homes with a cost for Ancap of 20 million dollars, until February 2024 inclusive. In addition, in the lubricants market it had a profit of 6 million and 4 million in natural gas.
Stipanicic considered that the result is “very satisfactory”
“For us it is a very satisfactory result that reflects the work of the Ancap teams and that positions us well for the year 2024, in which we were 3 months without the refinery operating,” explained the president of the entity, Alejandro Stipanicic about the stop The Tile, about which he expressed: “We hope it will be working in the month of April.”
“The stoppage of the refinery means that we do not capture the refining margin and so far from September 4 to date, we have stopped capturing 160 million dollars per refining margin”, the hierarch warned.
Along these lines, he assured that “those 160 million dollars that are 2 months of 2024, which are 97 or 100 million dollars for 2023, would also have increased Ancap’s final result if we had had the refinery operating.”
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Sales recover on the West Coast
During the year 2023, sales of fuels on the West Coast (Salto, Paysandú and Río Negro) They show volumes equal to or lower than the most critical moment in 2020.
However, as of December 2023, coastal sales returned to normal, according to the report, which shows this improvement in line with the change of government and the decrease in price gap with Argentina.
Future projects linked to renewable energies
In April 2024, Ancap will call for expressions of interest to develop two large projects for energy transition areas and renewable energy. One of them will be related to the production of sustainable aviation fuel.(SAF), and a second project aimed at the development of logistics for the entry and exit of liquids in Eastern Terminal In the town of José Ignacio in Maldonado, with business projection towards regional markets.
In relation to the project for the production of SAF, the Ancap tender seeks to grant the process and basic engineering license for the assembly of a hydroprocessing unit in the La Teja Refinery.
“Sustainable aviation fuel is critical for the country because it is an input that is already being forced to be included in the aviation fuel of the airlines and, if the country does not move quickly, at some point we could even be left out of the air circuit,” Stipanicic warned.
For this reason, he pointed out: “So, for Ancap it is very important to take the first steps. What we are going to do in the month of April is, based on the project that Ancap already has, call interested parties to eventually do a larger project in set with private operators.
Source: Ambito
