Page 10 - DMEA Week 03 2022

DMEA REFINING DMEA

Launch of Egbokor Energy

Park seen by end-March

AFRICA BACKERS of the Egbokor Energy Park project 60mn cubic feet (1.7mn cubic metre) gas-pro-
are reportedly expecting construction work cessing plant, a 10 mmcf (283,200 cubic metre)
on the new facility, which is being built in the CNG plant, a 50-MW TPP and a data centre.
Orhionmwon Local Government Area (LGA) of Now, though, the company will need more time
Nigeria’s Edo State, to be completed in less than to bring capacity up to that level, he said.
three months. “This will be delivered in modules,” he said,
According to Dr. Akintoye Akindele, the according to This Day. “Module one or phase one
CEO of Atlantic International Refinery and Pet- will be going live in the next 30 days, and after we
rochemical, both the park’s owner, Duport Mid- get approval from the Department of Petroleum
stream, and the bank providing the financing, Resources (DPR) to go live, we will be starting
First City Monument Bank (FCMB), have said with a 2,500 bpd refinery, 40 mmcf [1.13 mcm]
that the complex will be ready for inauguration gas processing, 5-MW power [plant], a data cen-
by the end of March. The facility will eventu- tre and almost 20,000 tonnes of storage.”
ally be home to a modular oil refinery, a natural He continued: “Our plan is that once we do
gas-processing plant, a gas-fired thermal power this at the initial take-off, we will then add the
plant (TPP) and a data centre, he said. other modules to it in a quarterly and biennial
He stressed, though, that the Egbokor Energy way. In that way, we will be able to utilise assets
Park would not begin operating at full capacity. optimally, avoid wastage, look after the environ-
Instead, he said, it will open in phases, since ment and create jobs.”
Duport is inaugurating the project to satisfy The project will help Nigeria improve domes-
local authorities. The launch ceremony “is at the tic fuel supplies and reduce dependence on
behest of the government [and] will happen at imported petroleum products while also mak-
different levels,” he was quoted as saying by This ing better use of its own oil and gas resources,
Day. he added.
The company’s immediate priority is to bring Meanwhile, FCMB managing director Yemisi
representatives of the relevant regulatory author- Edun also delivered a positive report, saying that
ities to the site to “ensure that all we are ready,” he the bank expected the Egbokor Energy Park to
said. “We must test for a while,” he added. “We become operational soon. “The project is doing
will start testing in the next 30 to 45 days for the well in terms of financing and rating. I can say
government to confirm and commission.” they are almost getting to completion,” she said.
Akindele noted that Duport’s original plans “The management are very much convinced that
called for the park’s first phase to have a 10,000 in the next 60 days they should be able to com-
barrel per day (bpd) modular oil refinery, a mission the project, and it fits our timeline.”™

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