Waltersmith, UNIDO and UNECA have signed a Technical support agreement with respect to the development of an Industrial Park by Waltersmith which will attract petrochemical, pharmaceutical, research and other light manufacturing companies that feed off the hydrocarbon value chain.

The industrial park is being developed with the support of the United Nation Industrial Development Organization and United Nations Economic Commission for Africa as part of Nigeria’s country program with the Ministry of Industry, Trade and Investment.

 …………..Waltersmith 5,000bpd modular refinery is now on stream

 Waltersmith Refining & Petrochemical Company Limited (WRPC) is currently developing a 50,000bpd refinery situated near the Ibigwe Field flowstation through a phased expansion strategy.

The first phase which is the 5,000bpd was commissioned on the 24^th of November and is expected to deliver about 271 million litres of refined petroleum products into the domestic and regional market consisting of Heavy Fuel Oil, Dual Purpose Kerosene and Automotive Gas Oil.

The groundbreaking of the 45,000bpd refinery was carried out on the 24^th of November and it comprises a stand-alone 25,000bpd condensate refinery as well as the addition of a 20,000bpd refinery to bring the combined capacity of the complex to 50,000bpd.

Some of the guests at the event were the President of the Nigeria Muhammadu Buhari GCFR (who virtually commissioned the refinery), the HMOSPR-Chief Timipre Sylva, the Governor Of Imo-State, Distinguished Senator Hope Uzodimma, the Eze of Ochia, Ekwueme Ekwueme, MD Shell Petroleum Development Company Ltd-Mr. Osagie Okunbor, Executive secretary NCDMB-Simbi Wabote SEPLAT MD-Roger Brown and a host of other dignitaries.