USTDA Connects U.S. Technologies to Opportunities in Nigeria
August 11, 2017
(USTDA)
Lagos, Nigeria – Today, the U.S. Trade and Development Agency signed a grant
with Eko Petrochem and Refining Company Ltd, a Nigerian petrochemical and
refining company, for a feasibility study supporting technologies and
development of an implementation plan for a modular refinery on Tomaro Island in
Lagos, Nigeria.
Eko Petrochem and Refining Company selected Texas-based VFuels, LLC to carry
out the study, which will provide technical analyses, engineering and design
needed to advance the 20,000 barrels per day modular refinery. This modular
refinery will promote infrastructure development by increasing Nigeria’s local
refining capacity.
“We are proud to support this new project, which will lead to infrastructure
development and economic growth in Nigeria,” said Thomas R. Hardy, USTDA’s
Acting Director. “This project represents an excellent opportunity for U.S.
businesses to export technologies and services in support of Nigeria’s
refining goals.”
“We appreciate USTDA supporting our company’s infrastructure development
plans,” said Captain Emmanuel Ihenacho, Chairman of Eko Petrochem and Refining
Company. “The funds received will help ensure the timely completion of the
proposed development and the attainment of the underlying economic and social
impacts envisaged.”
“VFuels is proud to partner with USTDA to further develop the Eko Petrochem
Refinery,” said Souheil Abboud of VFuels.
Ambassador W. Stuart Symington witnessed the grant signing on behalf of the
U.S. Mission and said, “This project is an example of one of our core
objectives at the U.S. Mission to Nigeria, to support solutions that solve
Nigeria’s development challenges.”
USTDA Acting Director Hardy signed the grant at a ceremony on Tomaro Island in
Lagos.
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