Brazil’s fuel retailer Ultra UGPA3.SA has asked the country’s antitrust body for approval to build and operate a liquefied petroleum gas (LPG) terminal in the Port of Pecem, in the state of Ceara, together with Supergasbras, it said.

The facility, with storage capacity of some 62,000 tons, would cost a total of 1.2 billion reais ($200.90 million) to be split between Ultra’s subsidiary Ultragaz and Supergasbras, Ultra said in the filing, adding that building works are expected to be completed in 2028.
Source: Reuters (Reporting by Isabel Teles; Editing by Aida Pelaez-Fernandez)