So said PetroSA CEO Nosiwe Nokwe-Macamo, with reference to the the Mthombo refinery, at a business breakfast hosted by the Nelson Mandela Bay Business Chamber this morning. The only tiny problem with that assertion is that we don't know when the go-ahead will be given for the commencement of construction. At present it is estimated that the project is worth R10 Billion. Put that into perspective by saying that it is the value of 100 new soccer stadiums. The case for a new refinery is built … [Read more...] about “We are going to build it in Coega!”
mthombo
18 Month Project Mthombo Study Begins
The Coega Development Corporation today welcomed the news of the signing of a Joint Study Agreement (JSA) between PetroSA and The Chinese Petrochemical Corporation (The Sinopec Group), the People's Republic of China's (PRC) state-owned integrated energy and chemical conglomerate. The study will shape the business case for Project Mthombo, the initiative to construct a world-class crude oil refinery at the Coega Industrial Development Zone. The study will be divided into two parts. The … [Read more...] about 18 Month Project Mthombo Study Begins
