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Bitumen production plant: Cameroon announces an investment of 100 billion FCFA

17/01/2022
Categories: Companies

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The Cameroonian Minister of Mines, Industry and Technological Development (Minmidt), Gabriel Dodo Ndoké, chaired, Thursday, January 13 in Kribi, the seaside town in the southern region of the country, the workshop to present the studies of feasibility and mobilization of key players in the project to build a bitumen production plant in Cameroon. This project will require an investment of 100 billion FCFA

Accompanied by a mini oil refinery with a capacity of 10,000 barrels per day, which will supply the raw material, the bitumen plant in the making will have an annual production capacity of 250,000 tons, specifies Investir au Cameroun. According to experts in the construction sector, local production of bitumen should also reduce the cost of road infrastructure in the country by 30% (currently, these costs are among the most expensive in Africa, editor's note). Then, this plant will make it possible to conquer buoyant markets such as Nigeria, Chad, Gabon and the DRC, countries targeted by the market study carried out by the Argus consultancy.

Between the refining of crude, the production of bitumen and derivative products such as diesel or kerosene, which are all to be marketed on the local and regional market, the All Bitumen Cameroon Plc project should make it possible to create between 300 and 400 direct jobs, and about 1,500 indirect jobs, we learn from the promoters. Investment of a total amount of about 100 billion FCFA, the Kribi bitumen plant should be built on a site of 60 hectares, in the process of being awarded in the industrial zone of the deep water port of Kribi.

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