[Ghana] Energy Minister cuts sod for GOIL, SMB Joint Venture project commencement
Ghana Energy minister, Mr. John Peter Amewu, has cut the sod for the commencement of work on the Bitumen plant in Tema.
The project, estimated to cost about 35 million dollars, is a joint-venture between GOIL Company Limited and Societe Multinationale de Bitumes, (SMB) of Cote d’ Ivoire.
The plant has the capacity to produce 8,000 metric tons of Polymer Modified Bitumen (PMB), and Bitumen Emulsion and is expected to be completed in two years.
Mr Amewu lauded GOIL for its strategic decision to become a major player in the bitumen market as a producer of the best quality PMB for the country.
The Acting Managing Director and Group CEO of GOIL, Mr. Kwame Osei Prempeh, said GOIL’S entry into the bitumen market is part of a strategy to widen its portfolio and consolidate gains already made in the fuel business.
He thanked government for creating the conducive environment for the growth of the petroleum sector and lauded the role of the outgoing Managing Director, Mr. Patrick Akorli, for the foresight and determination which has resulted in the project.
The Managing Director of SMB of Cote d’ Ivoire , Mamadou Doumbia noted the project will ultimately enhance peaceful business relations between Ghana and Cote d’ Ivoire.
In attendance were representatives of SMB, Ghana Highway authority, National Petroleum Authority and other stakeholders.