NEWS
“The Edo Modular Refinery was the cynosure of all eyes this year as our partners on the project made immense progress and are on course to commission the plant, which would play a significant role in recalibrating the state’s economy.
“This project offers us a chance to be a leader in building modular refineries with the fabrication yard at the facility, we would also benefit from the increased economic activity in the state’s oil and gas scene, leading to more tax and growth in Gross Domestic Product (GDP),”
- Excerpt from Edo state budget presentation to the state assembly.
-10th Nov. 2020
How modular refineries can bridge Nigeria’s energy gap
With Nigeria’s four refineries currently operating below capacity, modular refineries if spread across the country, would bridge the nation’s energy gap, curb fuel insufficiency and permanently end importation of refined petroleum products into the country.
While the country’s daily fuel consumption stands between 38.2million and 52million litres daily, Nigeria’s four petroleum refineries are not only operating below capacity, but moribund despite billions of Naira sunk annually for turnaround maintenance by successive administrations.
Fyneface who is the Executive Director of Youths and Environment Advocacy Centre, YEAC, has urged the Federal Government to support, encouraged and provide licenses for artisanal refiners to set up modular refineries around the country.
“Modular refineries will curb hike in fuel price, because fuel will be produced locally, to serve the local economy, because the reason why there is incessant hike in fuel price is because of cost of importation, tax, exchange rate, etc, but if we produce locally, it will be cheaper.
“Government should give massive licenses for the construction and operation of modular refineries, especially to youths who are involved in artisanal refining and pipeline vandalism.”
December 29, 2020
Source: sweetcrudereports.com
AIPCC Energy to Earn $125m Yearly from Naphtha Export
Read more at: https://www.thisdaylive.com/index.php/2020/09/01/edo-modular-refinery-to-earn-125m-yearly-from-naphtha-export/
The Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government is set to earn about $125m foreign exchange from the exportation of naphtha, which is one of the major products from the facility.
Chairman of ERPC, Michael Osime, who disclosed this in a statement, said the refinery benefits from the federal government’s ease of doing business programme through which it granted fiscal incentives such as duty waiver on importation of equipment.
The refinery has reached 90 per cent mechanical completion and efforts are in top gear to beat a September 2020 commissioning deadline, with a team of over 250 locally-recruited engineers, fabricators and other workers engaged on the project.
On expansion, Osime said the company would “meet 18 per cent of local demand for diesel and earn in excess of $125m from export of Naphtha per annum,” noting that the refinery would rejig the state’s economy by attracting feeder industries.
AIPCC Energy applies to NNPC for crude supply
Read more at: https://www.vanguardngr.com/2020/08/obasekis-reforms-edo-modular-refinery-applies-to-nnpc-for-crude-supply/
The Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government has applied to the Nigerian National Petroleum Corporation (NNPC) to supply it crude for use in the phase one development of the facility. The ERPC, in a statement by its Chairman, Michael Osime, said the refinery has reached an advanced stage of development where the operators now have to introduce hydrocarbons to the facility. Osime said discussions are also ongoing with marginal field owners for crude supply as the refinery is designed to use various grades of crude.
He noted that while the Operation and Management (O&M) of the facility is being carried out by Peiyang Chemical and Equipment Company of China (PCC), there are plans to train Nigerians over a short period of time to take over the operations of the facility, especially with the development of a fabrication yard and other key capacity building initiatives built into the Memorandum of Understanding (MoU) signed between the Edo State Government and Tianjin University, with PCC as the holding company. The AIPCC Energy Limited, which is developing the refinery is a joint venture between PCC and African Infrastructure Partners Limited (AIPL). According to Osime, “Following the gains in the first phase of the refinery, AIPCC Energy Limited has commenced plans to build 30,000 barrels per day refinery as an expansion. The Peiyang Chemical Equipment Company Limited and AIPCC Energy Limited are committed to providing most of the funding for the expansion. “On expansion, the refinery would increase the refining capacity in Nigeria and meet 18 per cent of the local demand for diesel in Nigeria.”
Read more at: https://www.vanguardngr.com/2020/08/obasekis-reforms-edo-modular-refinery-applies-to-nnpc-for-crude-supply/
S&P Global Platts REFINERY NEWS ROUNDUP: Some refineries in Africa remain offline
Three modular facilities in Nigeria with a combined capacity of 26,000 b/d have "completed construction work and are ready for commissioning", the country's industry regulator the Department of Petroleum Resources, or DPR, said April 14. The three modular refineries, currently in the completion stage, are the 6,000 b/d plant in Ikpoba, Edo State, the 10,000 b/d plant in Port Harcourt, Rivers State, and the 10,000 b/d modular refinery Ibigwe, in Imo State. The three facilities were among more than 20 licenses issued by the Nigerian government to private investors, the DPR said, adding that many others were at design and various construction stages.
AIPCC Energy Targets to Process 60,000bpd of Oil
Read more at: https://www.thisdaylive.com/index.php/2020/09/09/edo-modular-refinery-targets-to-process-60000bpd-of-oil/
AIPCC Energy is targeting an increased refining capacity of 60,000 barrel per day (bpd) of crude oil against its original 6,000 bpd.
The Head Quality, Health and Safety/ Community Relations of the AIPCC, Mr. Segun Okeni, disclosed this yesterday during an inspection tour of the site at Ologbo in Ikpoba-okha Local Government Area by the seven-man factional members the Edo State House of Assembly loyal to Governor Godwin Obaseki.
Okeni said that the modular refinery would commence operation between the end of September and mid-October.
He said the first phase of the project would target 1,000 bpd and 6,000bpd for the second phase while the 60,000bpd would be achievable in the long run.
He noted that the first phase of the refinery, which is 99 percent completed, would target four products at the ratio of 55 per cent for diesel, 38 percent for fuel oil and less than 10 percent for naphta while the rest would be gas to power the processing of the equipment.
Okeni said: “Some of the products will be exported to boost foreign exchange earnings and by the time of we extend it to different phases, we would be able to take care of more than 80 per cent of diesel requirement in Nigeria. That is the vision we have in the next five years.
“We have directly employed more than 300 people and the majority is from the host communities in Edo. The environment has been friendly, the host community and the government have been cooperative and that is why we are able to deliver to this stage.
“We are almost rounding off. It is just left with less than one percent. We are going to work with the government and people around the community will benefit from this project.”
He further disclosed that there are plans in progress to source crude from the Nigerian Petroleum Development Company (NPDC) facility few kilometres away from the project site.