Corporate Plan_______________________
a. Forward Integration To Aviation Fuel
We intend building Jet A1 tank farms at major airports around
Nigeria and have been admitted as member of the new Joint Users Hydrant
Installation phase 2 (JUHI 2) at the Country's foremost gateway - the Murtala Mohammed International Airport
in Lagos. We have epoxy coated a 7200m3 tank at the Lagos depot. Once we
have
concluded it's conversion to Jet A1, it will serve as a feeder to our
anticipated depot at the airport. About 18,000 cubic meters of tank
space is being prepared in the Calabar tank farm for Jet A1.
Once these
facilities are completed and certified, land acquisition arrangements at
various inland airports will be commence. With time, locally grown Jatropha
based Jet Fuel will substitute or be combined with the conventional fossil
based fuel. Net aviation carbon emissions will be reduced due to
photosynthesis from the proposed Jatropha fields highlighted below.
b.
Pipeline Promoters & Operators
Currently, mother ocean going import tankers anchor offshore Lagos and
transship to lighter tankers which then berth at the various Lagos shallow
jetties that feed tank farms. This process is inefficient and most often
than not demurrage is incurred.
We intend developing 4 Single Point Moors (SPM) just out bar Lagos
in the Atlantic. These will be connected to a sub sea line which will link to
the the major tank farms in Lagos. Mother vessels
will moor at any of these SPMs and discharge their cargo directly into any
tank farm within the Lagos vicinity the importer nominates. This will
hopefully eliminate demurrage and number of vessels idling offshore and hence
reduce carbon emissions. This effort should be eligible for the carbon
credits once implemented. We have obtained a permit to carry out the survey
by the Nigerian Ports Authority.
Two trunk lines will cross under the existing Pipelines and Products
Marketing Cooperation (PPMC) national grid. Once the latter is repaired the
importer will now be able to nominate almost any depot in the country.
Bridging by Bulk Road Vehicles will be minimized if not eliminated. This
will not only further reduce CO2 emissions but will reduce the wear and tear
of the major intra and inter city roads, traffic, fatal accidents etc.
c.
Refinery Promoters
In the Eastern part of the country we have acquired another 1 hectare of
land close to the new depot within the CFTZ to develop an LPG storage
facility. once in place a ' practice ' refinery of perhaps 20,000 bpd will
be built within or just outside the CFTZ. When this refinery begins to
approach breakeven we will expand it.
The power and heating facilities for this refinery will be fuelled with
natural gas tapped from the trunk line being run by gaslink from Akwa Ibom.
We intend setting up a new refinery adjacent to the anticipated pipeline
that can refine at least 500,000 barrels of crude oil per day into various
petroleum and petrochemical products. In 2007, Nigeria imported 12 million
metric tons of PMS alone. Assuming on average port to port freight costs
$40/MT, Nigeria spent about $1 billion on freight and associated costs such
as demurrage etc. on importation of all products for that year. Any refinery
which is able to meet Nigeria’s demand will enjoy this as extraordinary
profit over and above their refining margin. Products' import mother tankers will
cease to operate thereby taking out a whole lot of
carbon emissions which would have normally been pumped into the atmosphere
d. Desert Encroachment
Currently the Sahara desert is encroaching into Northern Nigeria rapidly.
There has been a lot of concern about global warming due to deforestation
and unchecked carbon emissions from fossil fuels. We identified ourselves as
being one of the major contributors of the said phenomenon. As an
environmentally responsible organization, we decided to see how we could
leverage on our current areas of expertise to
alleviate rather than exacerbate the problem.
We looked at biofuels and felt that the jatropha plant would be sustainable. This is a plant that is prolific in Africa. It is
traditionally used as a biological barrier to keep cattle from
consuming crops. It grows in semi arid regions and is a nitrogen fixer. It’s
seeds once pressed produce a biodiesel/kerosine. Our Executive Director of
Operations has been to Yobe state, one of the states bordering the Sahara &
to India for preliminary surveys. We intend to set up pilot farms in various local
government areas in order to better project what will be anticipated on a
mass scale. We hope to commence the pilot runs by the third quarter of this
year.
If the preliminaries are successful we anticipate covering the northern
infertile regions of Nigeria with a mix of this plus other hardy oil
producing plants making provision for future inter planting with cash crops once the soil has been “re fertilized”. This
will have the following impacts:
1) Massive job creation in the northern part of the country thereby
alleviating poverty.
2) The increase in plant transpiration will lead to more cloud formation and
rain fall. This will cause water levels in rivers
and dams to rise renewing the hydroelectric generation
potential. Drought will also be reduced if not eliminated.
3) Soil stabilization will lead to less harmattan formation, cleaner air and
a healthier population (not just in West Africa
but also in the Caribbean).
4) Africa will be able to “grow food in the Sahara” hence generating huge
food security.
5) Industrial estates geared toward processing the raw produce generated
from the (inter) crops to ensure minimum
harvest & in transit waste from farm to market. These estates
will be powered by hydroelectricity but backed by
bi-fuel, bio-diesel and natural gas driven generators.
6) Apart from cash crops, natural grass can be allowed to grow to generate
game parks. Animals can be transported in
from other parts of Africa. Hotels, water parks, shopping
malls and airports can be developed or upgraded to facilitate
tourism. The airports will also be used to freight goods in
and out of the region.
e. Service Station Expansion
We plan to acquire more mega service stations adjacent wherever possible to
natural gas pipelines all over the country in order to create more outlets
for petroleum products once we obtained the approval to handle PMS from the Lagos
and the Calabar depots. They will be open 24 hours 7 days a week.
In addition to the usual products currently being sold, CNG (compressed
natural gas) and bio-diesel/kerosene will also be on offer. The stations
will be located adjacent to “traffic builders” such as industrial and
housing estates mentioned in 'D' above . The products will eventually be
supplied from the anticipated refineries as well as bio-diesel from the
anticipated jatropha fields in the north.
f. Commencement Of Recovery Of
Fresh Water Canals Within Lagos Waters
We intend setting up a HOVER CRAFT Service from Murtala Mohammed
international Airport along Oke Afa to Five Cowry Creek stopping at various
water front hotels. The Oke Afa to Festac stretch has been heavily polluted
with raw sewage being pumped in from houses and housing estates adjacent.
A PPP will ensue to ensure that all sewage be properly treated. The Methane
may be collected and either sold to NGC or be channeled to nearby IPPS. The
residue may be collected, dried and sold as organic manure.