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Thursday, February 11, 2016
Riaba Fertilizers Ltd. has awarded the EPC contract for a new petrochemicals complex in Equatorial Guinea to a Chinese consortium led by East China Engineering Science and Technology Co. Ltd (ECEC).
Riaba Fertilizers Ltd. was incorporated to develop the petrochemicals complex at Riaba, on Bioko Island. The new facility, to be developed on Bioko Island, will utilize offshore gas reserves located to the east of Bioko from Noble Energy’s blocks O and I.
A gas supply agreement is already in place with Noble Energy and partners Gunvor, Atlas Petroleum International and Glencore. The complex will comprise an ammonia and urea plant with production capacity of 1.5 mtpa.
The facilities for the complex will include on and off-site infrastructure and utilities and a urea shipping jetty. This initiative is part of a government-led industrialization and energy diversification plan known as the Petrochemicals Revolution, or REPEGE.
The pre-FEED for the petrochemical complex was completed by Worley Parsons. The project is planned to be completed in 32 months, with a groundbreaking ceremony expected to take place by late March.
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