Edo State Government Wednesday signed a Memorandum of Understanding (MoU) with a Chinese Consortium for the construction of a 5,500 barrel per day modular refinery in the State. The Consortium is made up of Peiyang Chemical Equipment Company of China (PCC), a world leading modular refinery company; Sinopec International Petroleum Service Corporation (SIPS) which is a subsidiary of Sinopec, the top Chemical giant in the world and African Infrastructure Partners (AIP), a Nigerian Infrastructural company.
The MoU signing ceremony took place at SINOPEC headquarters in Beijing, China, and was witnessed by officials of the Nigerian Embassy in the Asian country as well as staff of SIPS Nigeria, a major local fabrication company, with a branch office in Benin. The State Governor, Mr. Godwin Obaseki, signed the MoU on behalf of the State in China.
The event is coming hours after a similar MoU was signed with China Harbour Engineering Company Ltd. in Beijing, China, for the development of the Gelegele Seaport. The first phase of the modular refinery project will be ready within 12 months after all the necessary approvals are granted by the regulatory authorities.