Copec News

The MIT Energy Initiative (MITEI) launched a new research consortium—the Future Energy Systems Center—to address the climate crisis and the role energy systems can play in solving it. Randall Field, Executive Director, discusses current research and the challenges ahead for the maritime sector.The reputation of the Massachusetts Institute of Technology (MIT) is such that it can take mammoth issues — such as driving the world to net zero — head-on, and suddenly make the impossible…

Chilean forestry exports will total $5.3 billion by value in 2016, 3 percent less than last year, as supply has increased and the economies of key export markets remain sluggish, an industry body said on Tuesday. The Chilean Wood Corporation (Corma) said in a statement that exports in 2017 would remain steady or rise slightly to the $5.3 billion to $5.4 billion range. "The 3 percent fall in the total amount is due principally to declines in international prices for the principal forest products, while there has been an increase in exported volumes," Corma President Fernando Raga said in a statement. Corma predicted prices for long fiber products would begin to rise in the second half of 2017.

GAC informs that the Patache Terminal at Iquique in Chile was declared operative yesterday, April 8, by the Port Authority, one week after the earthquake that shook the area. The EPI Terminal, however, remains out of service due to significant damage at the break water pier. It is estimated that repairs would take at least six months, providing that the technical report declared the feasibility of the repairs. At the ITI Terminal, Berth No.3 partially operative, suitable for only RORO vessels. No mobile shore crane allowed on the wharf. Berth No.4 in good condition and operative, providing priority to full container vessels. Copec, Petrobras, Patillos I, Patillos II, TMP and Collahuasi are fully operational. gac.com