Ghana’s import bill for bitumen is expected to drop significantly this year as GOIL PLC’s bitumen plant under construction in Tema is expected to start commercial production in August this year.
The West African nation imports bitumen—which reportedly costs the country an average of $11.8 billion yearly—from Cote d’Ivoire, India, China and Brazil for road projects.
Responding to a question by a shareholder at the 53rd Annual General Meeting of GOIL in Accra on the status of the bitumen plant, Group CEO and Managing Director of GOIL PLC, Osei Kwame Prempeh, told the gathering that the US$35 million worth of bitumen plant is 99 per cent completed.
He said the plant would be fully completed by the end of June 2022.
According to him, there would be a test run of the plant in July and would start commercial production in August this year.
The 7,000 metric tonnes storage capacity plant is being constructed in partnership with Societe Multinationale de Bitumens (SMB) of Cote d’Ivoire.
Source: https://energynewsafrica.com
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