3. PROJECT NAME: NAMBOTS MOBILE MODULAR REFINERY (MMR)
PROMOTER: Mega North Holdings (Pty) LTD
LOCATION: Walvis Bay, Erongo Region
SECTOR: Petroleum Products, Midstream Oil & Gas
The provision of fuel is very important for the Namibian economy. Mega North Holdings plans to construct and operate a 37,500-barrel per day barge-mounted refi nery in Walvis Bay to provide clean fuels within the SADC region.
The company is planning to use the latest technology in fuel processing. The fuel processing facility, which will include storage, will take advantage of Namibia’s strategic geographic position and ambitions to become a logistics hub within southern Africa. The port at Walvis Bay has been expanded as part of plans to become a logistic hub. The project will address southern Africa’s impending clean fuel supply crisis brought on by changes in international protocols such as Euro V and Marpol VI, as well as the lack of refi ning capacity within the region, by developing an effi cient refi ning solution that meets the highest international standards of environmental safety and product quality.
The project has signifi cant impact within Namibia’s industrialisation and infrastructure development plans as well as SADC regional development. The project will provide 737 jobs during the construction phase as well as 342 direct and 100 indirect operational jobs.
Through its operation, the Nambots MMR will directly contribute to a 2.4% increase in Namibia’s GDP and N$760 Million in corporate income tax revenue to the government. The spinoffs of the project include increasing business opportunities for transport and logistics companies. State-owned companies that are expected to reap benefi ts from the project will be Namport, Transnamib and Namcor.
N$16.5 Billion (US$1.18 Billion)
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