The Edo Refinery and Petrochemicals Limited being developed by AIPCC Energy Limited at Ologbo, Ikpoba Okha Local Government Area of Edo State is expected to begin operations in October.
According to the Nation, the 6,000 barrels per day (bpd) capacity modular refinery as stated by AIPCC management is being developed with the support of Edo State government.
Technical Director of the project, Mr. Tim Tian, said the fabrication of the refinery has been completed in China and is awaiting inspection and approval by the Department of Petroleum Resources (DPR) before it will be shipped to the site in Nigeria.
According to Tian, on arrival, final touches will be made to the fabrication and installation will follow, after which the refinery will commence operation.
He added that the local community also has a participating interest in the project saying that the company will also build a mini LNG plant there and will capture some flared gas, which will be processed into LNG and used as fuel to power the power plant that will be used to operate the refinery.
Meanwhile, according to him, the refinery will get its feedstock (crude) from the Nigerian Petroleum Development Company’s (NPDC) facility oil mining lease (OML) 111, located in Oredo, Ologbo near Benin.
The refinery when operational is expected to produce from its feedstock 50 per cent of diesel (500,000 litres), 25 per cent of naphta (300,000 litres and 20 per cent of fuel oil (200,000) litres. According to him, the refinery will not be producing PMS presently because the government regulates its price and it will not be economically viable to go into its refining.
AIPCC Energy Limited is a subsidiary of African Infrastructure Partners (AIP), a business group with interests in oil and gas, power, financial services, agriculture and technology.