BLACK GOLD BULLETIN

The Petroleum Hub Development Corporation (PHDC) is at the forefront of Ghana's ambitious initiative to transform its energy sector and position the nation as a leading petroleum and petrochemical hub in West Africa. Established by an Act of Parliament, the PHDC is tasked with promoting and developing an integrated petroleum and petrochemical complex that promises to significantly boost Ghana's economy and energy infrastructure. Project Overview The Petroleum Hub Project is a monumental endeavor, estimated to cost around $60 billion, with funding expected to come exclusively from private investments. Spanning approximately 8,000 hectares in the Jomoro district of the Western Region, the project is strategically located to leverage Ghana's proximity to major markets and resources. The development is planned in three independent phases, each contributing to the establishment of a comprehensive industrial complex. Key Components The hub is designed to encompass several crit...

The Dangote Oil Refinery has begun the startup of its polypropylene facility in Lagos, according to The PUNCH . Source: The Street Journal Sources report that the facility will be officially launched soon. S&P Global also notes that the startup of the 830,000 metric tonnes per year polypropylene facility was one of the final milestones in the commissioning process of Dangote’s oil refining and petrochemical complex, which has been underway since January 2024. A trade source mentioned that Dangote Group started offering polypropylene supplies as early as February. Dangote Group President, Aliko Dangote, previously expressed the goal of meeting around 250,000 metric tonnes per year of domestic demand for polypropylene, which is widely used in plastic packaging and textiles. Once fully operational, the Dangote facility is set to be the largest polypropylene production site in Africa, with two units producing 500,000 mt/year and 330,000 mt/year, respectively. S&P Global reports...