Ardova’s LPG facility to go live by December
Sopuruchi Onwuka
Integrated petroleum marketing company, Ardova Plc, has declared that its ambitious storage facility for holding liquefied petroleum gas (LPG) also called cooking gas is targeted for commissioning by the end of the year.
The company which held a groundbreaking ceremony for the new world-class LPG storage facility at the company’s Ijora-Lagos operations complex said the storage facility which is sited in 8.8 hectares of land has a combined capacity of 20,000 metric tons.
The company stated that the investment in large scale storage facility underscores its commitment to grow revenues from cleaner fuels.
Chief Executive Officer, Olumide Adeosun, said “This event marks an important step in our evolution to an integrated energy company, as it draws us closer to our projection of a future where renewables and cleaner fuels represent a considerable segment of our product offering and balance sheet.”
He noted that “this facility, when completed will be West Africa’s largest LPG storage complex, placing Ardova at the top of the industry in receiving, blending, storing, and distributing the product to both commercial and retail customers. It also indicates the direction of travel for our company, as it spotlights our confidence in LPG as the fuel of the future in Nigeria, in congruence with both the Nigerian government’s gas expansion plan which seeks to make LPG mainstream at the end of the decade and the present growing rate of in-country consumer adoption of the product.”
“Ardova’s investment in this facility supersedes the expected commercial returns, as the company is equally focused on the positive environmental and human impact that increased access to gas will create. Mr. Adeosun noted that “We are also particularly interested in the improved socio-economic prospects it portends for citizens of our beloved country, especially rural consumers whose reliance on biomass such as firewood makes them vulnerable to attendant health risks and reduces much needed ground cover provided by trees at alarming speed,” he added.
According to him, “By December 2022, when construction is completed, we will have a facility that will be both best in class and future ready. The firms involved in the construction, fabrication, and sourcing of every single component to be used in this project have been benchmarked against the highest standards of Engineering, Procurement, and Construction (EPC) management, as well as Health, Safety and Environment (HSE) specifications.”
“I am confident that we will deliver a world class facility that will continue to yield results for the company in decades to come,” he declared at the event.
The Oracle Today reports that Ardova Plc is a leading integrated energy company involved in the marketing of petroleum products in Nigeria. The Company operates a network of over 450 retail outlets spread across Nigeria with major petroleum storage installations in Lagos and Rivers state.
The company operates marketing activities that cover sales and retail of key energy products including fuels, lubricants and greases; liquified petroleum gas; cylinder sales; and renewable energy solutions.
