Dr. Toni Aubynn, CEO of Ghana’s Petroleum Hub Improvement Company (PHDC), has joined the Put money into African Energies: Accra Investor Briefing – happening on April 14, 2025 on the Kempinsky Lodge – to debate the nation’s progress in the direction of changing into an built-in petroleum hub in West Africa. Throughout the occasion, Dr. Aubynn will define improvement methods, funding avenues and petroleum market tendencies, underscoring the worth of investing in Ghana’s rising oil and gasoline worth chain.
Anticipating to launch 17 oil and gasoline initiatives by 2027, Ghana is prioritizing investments throughout the complete hydrocarbon worth chain to fulfill rising home demand, improve income era and unlock larger worth from the petroleum sector. Strategically positioned and with over 1.1 billion barrels of confirmed oil reserves and a couple of.1 trillion cubic ft of pure gasoline, the nation is well-positioned to grow to be a regional hub for petroleum. Ghana’s PHDC strives to place the nation as an built-in hub in West Africa. Established underneath the Petroleum Hub Improvement Company Act, 2020, the corporate promotes the event of a petroleum and petrochemical hub in Ghana, leveraging modern expertise to develop a price chain that create financial linkages and supplies enterprise alternatives for Ghanaians.
In August 2024, the PHDC and a consortium of personal companions broke floor on the event of the primary section of a $60 billion downstream petroleum hub. The hub represents the primary of its form in West Africa and shall be developed throughout three phases between 2024 and 2036. The primary section – at a value of $12 billion – contains a 300,000 barrel per day (bpd) refinery; a 90,000-bpd petrochemical plant; storage tanks with a complete capability of three million cubic meters; a jetty; and marine port infrastructure. Section one is located throughout 6,590 acres within the Jomoro municipal district. Following its completion, the built-in hub could have the capability to course of 900,000 bpd of crude throughout three 300,000-bpd refineries. Every refinery has the potential to be expanded to 500,000 bpd, focusing on an general manufacturing capability of 1.5 million bpd.
Moreover, following the completion of all three phases, the hub will characteristic 5 multi-purpose petrochemical crops with a manufacturing capability of 90,000 bpd every. The crops will produce chemical substances similar to fertilizers, lubricants and cosmetics, using pure gasoline as feedstock. Section 1 will embrace the event of 1 petrochemical plant whereas the second and third will see two crops constructed every. The built-in hub showcases the worth of public-private partnerships in advancing large-scale oil and gasoline initiatives in Africa. Spearheaded by the PHDC, the hub is supported by world and regional companions, together with Touchstone Capital Group Holdings, UIC Vitality Ghana, China Wuhan Engineering and China Development Third Engineering Bureau.
“Ghana’s built-in petroleum hub ought to function a benchmark for different resource-rich nations in Africa. This modern venture is poised to grow to be a strategic catalyst for financial progress – each in Ghana and throughout the broader area. The hub will create jobs, improve petroleum distribution, promote abilities improvement and place Ghana as a central level for petroleum manufacturing in Africa. The hub is a testomony to the position public-private collaboration can play in advancing African oil and gasoline initiatives,” said NJ Ayuk, Government Chairman of the African Vitality Chamber.
The Put money into African Energies: Accra Investor Briefing in April affords a strategic alternative for the PHDC to not solely present an replace on the event of the hub, however showcase related funding alternatives. The built-in hub is a big endeavor, requiring important ranges of finance and technological experience. Buyers could have the possibility to realize first-hand perception into the PHDC’s ambitions in Ghana, laying the muse for brand new offers to be signed.
Distributed by APO Group on behalf of African Vitality Chamber.
