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OUR CORPORATE GROWTH STRATEGY
As part of our expanded corporate strategy, we will continue The intention is to ensure that this ECO industrial park is fully
to identify opportunities across the entire energy value chain powered by solar energy (with minor support from Gas power
that will ultimately transform Waltersmith into an integrated and only during downtime of the solar plant) and will minimize
energy company and a manufacturing conglomerate. Our industrial waste by co-location of industrially symbiotic
energy transition will continue with the gradual replacement manufacturers (waste from one manufacturer as energy
of the 300MW Gas Power systems with 1000MW of Solar feedstock for another) to further reduce our carbon footprint.
Energy, with an attendant inflection point in CO2 emissions in
2028 driving down rapidly to Zero emissions by 2030 when As a value proposition, the ECO industrial park seeks to
we transit from an Energy producing company to a promote economic development in Nigeria and Africa as a
Manufacturing Conglomerate. whole, by enabling a conducive business environment with
infrastructural facilities that would achieve co-location synergy
To achieve this objective, we have invested a lot of resources with petrochemical, gas-based, pharmaceutical and FMCG
to help restructure our growth strategy. industries. This would undoubtedly facilitate low-cost
production for industries as well as a circular economy.
In 2020, we recorded a major win with the commissioning of
our 5,000 modular refinery which represents our first phase in Our investments in the real estate and hospitality sector is
our mid-stream value capture. Our growth strategy with equally huge and while the pandemic disrupted most of the
respect to our refinery entails the processing of 50,000 bpd work, we remain committed to its realization as this would
crude oil + condensate refinery by 2026. contribute massively to job creation in Nigeria and thus reduce
the poverty gap and foster economic empowerment.
Furthermore, as part of our commitment, we entered a
partnership with the United Nations Industrial Development Although the businesses will be operationally integrated, we
Organization (UNIDO) and the United Nations Economic will ensure that each segment of the chain is economically and
Commission for Africa (UNECA) to ensure a successful fiscally viable on its own for project sanctioning. We will avoid
implementation of our proposed industrial and innovation cross subsidization and value erosion. This will undoubtedly
park project. This partnership culminated in the execution of ensure that integration of the operations only brings additional
a Technical Service Agreement in 2020 and further boosts our benefit to the whole.
alignment with the SDG goals on creating sustainable cities
and communities. Clearly, this reflects Waltersmith's Our growth strategy is one we are very proud of considering
commitment to change the energy narrative in Africa and the target market, reach and ability to enhance our
ensure the sustainable development of our hydrocarbon sustainability foundations.
resources.
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