Eleme Petrochemicals Company Limited
Sector: Waste Processing and Treatment • Location: Nigeria
Source: International Finance Corporation (IFC)
Eleme Petrochemicals Company Limited (EPCL) was established in 1995 as a 100% subsidiary of the Nigerian National Petroleum Corporation (NNPC) and is one of only two petrochemicals complexes in Nigeria (both of which are state owned). Due to operational problems (inadequate maintenance, lack of spare parts, equipment break-downs etc.) the plant has operated at very low capacity utilization since
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Eleme Petrochemicals Company Limited (EPCL) was established in 1995 as a 100% subsidiary of the Nigerian National Petroleum Corporation (NNPC) and is one of only two petrochemicals complexes in Nigeria (both of which are state owned). Due to operational problems (inadequate maintenance, lack of spare parts, equipment break-downs etc.) the plant has operated at very low capacity utilization since its inception. This IFC project is to assist Indorama International Finance Plc, UK (Indorama) in the privatization purchase of a 75% equity stake in EPCL and in implementing a turnaround capital investment program to return the company to profitability. Indorama estimates that Eleme will require a capital expenditure of $130 million towards repairs, refurbishment and modernization in order to restore the plant to full capacity utilization. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |