Ondo govt, company sign MOU on $500 million modular refinery

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The project is expected to be completed in 36 months.

Earlier, Mr Adeleke said his company had, in the past, approached some states for the establishment of the project but was not welcomed.

While fielding questions about the project, Mr Adeleke said his company’s core business is refining crude oil into premium petroleum products. “We are in the business of manufacturing lubricants and specialized packaging for products to meet the needs of our valued clients. “The refinery will be designed to process both imported paraffinic and Nigerian crude into finished petroleum products, oils and lubricants.”

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