A Modular Refinery
Chinese Consortium group comprising Peiyang Chemical Equipment Company and Sinopec Oil and Gas Nigeria are set to begin the construction of the first Modular refinery in the state. To this end, the group has submitted a timeline to the Edo State Governor Godwin Obaseki at government house in Benin City, the state capital.
Presenting the report, Mr. Tim Tian who is a director of the group explained to the governor that Phase one of the project consisting of a demo modular refinery with a capacity to refine 500 bpd would be ready within seven months before the end of October 2018.
Obaseki with the Chinese
The phase one project promised Mr. Tian would be easily fabricated and installed to meet the set time proposed for its inauguration. The project according to Tian is also to be used as a model to train the numerous youths in the state in the skill of fabrication and maintenance of modular refineries. It would, in addition, provide thousands of jobs opportunities for indigenes of the state.
Responding, Governor Obaseki pledged to give all necessary assistance to the Chinese Consortium to build and complete the project in the set time promising that the refinery will come in handy to bridge the shortfall in petroleum products not only in the state but in the nation at large.
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Obaseki further promised to work with the company to access the $60 Million dollar funding facility under a joint agreement between the Chinese and the Nigerian government by helping them overcome all the obstacles they will face along the way.
According to Obaseki “ The state is at an advantage in building modular refineries as most of the oil and gas assets across the various communities in the state are onshore,” He challenged the company to keep to its promise by delivering the first phase of 500 bpd first phase Model by October.
Governor Godwin Obaseki of Edo State
It would be recalled that earlier this month in China, Governor Obaseki and the Chinese Group Sinopec Consortium signed a Memorandum of Understanding MOU for the building of a 5500 bpd modular refinery to be sited in Edo State. The said consortium is said to be made up of Peiyang Chemical Equipment Company of China, PCC, a world-leading modular refinery company; Sinopec International Petroleum Service Corporation, SIPS, which is a subsidiary of Sinopec, the top Chemical giant in the world and African Infrastructure Partners, AIP, a Nigerian Infrastructural company. The first phase of the project is billed to take off within 12 months after all the necessary approvals are granted by Nigerian regulatory authorities.