Anew refinery opens at Ovrode-Isoko
* Commences operation in four months
By Tony Abolo
A New Refining and Petrochemical Company – a vertically integrated REFINERY, The Shepha Refining and Petrochemical Company to be sited at Ovrode in Isoko North Local Government of Delta State has been unfolded to the Delta State Governor, Senator Dr. Ifeanyi Okowa in the Governor’s office, last weekend in Asaba, when the Managing Director of the Refinery, Dr.
Wilson Omonijabo Agha led a delegation of his working team to pay a courtesy visit.
According to the Managing Director, the visit was to intimate the Governor of the new project which in terms of scope, will be a 60,000, barrels per day refinery and has four components – An LNG (Liquefied Natural Gas) Producing Plant, An Energy Generation Section, which will have a 400 MW Gas Turbine Power Plant, A Refinery and Petrochemical section and a Carbon Capture and Storage Plant, a new Technology Section which is the First in the whole of Africa, all at cost of $3.5 billion.
The project as Dr. Agha disclosed, will commence with a ground breaking ceremony of Ovrode, in about four months time. And it will all begin after the Technical and Financial partners who are coming in from India, Europe and Canada have visited the site of the project and a final courtesy visit on the Governor of Delta State to be led by the Company Chairman, Senator, Engr. Barnabas Gemade.
The Governor, Senator Dr. Okowa in his response expressed his pleasure at the new investment opportunity coming to Delta State and gladly said that Delta was open for more investments and businesses, more so as it will increase not only opportunities for employment but
improved IGR for the State Government.
Given the location of the project, the Governor was confident that the raw stock for the refinery would not constitute a challenge and also, given the fact that the Managing Director was not only an Isoko but an indigene and given the pedigree of the Chairman of the company, he had no doubt in his mind about the project’s success. He then pledged adequate security from Government for the Shepha Refinery and Petrochemical Company from its very inception and looked forward to when he will have the honor to not only perform the groundbreaking ceremony but to formally commission a project of that magnitude in Delta State.
In the venue of the courtesy visit, were members of the State Executive Council, Members of the, Delta House of Assembly as well as a Special Adviser to the Governor.