Energy minister, Mr. John Peter Amewu, has cut the sod for the commencement of work on the Bitumen plant in Tema

The project, estimated to cost about 35 million dollars, is a joint-venture between GOIL Company Limited
and Societe Multinationale de Bitumes, (SMB) OF la cote D’ Ivoire.

The plant has the capacity to produce 8,000 metric tons of Polymer Modified Bitumen (PMB), and
Bitumen Emulsion and is expected to be completed in two years.

Mr Amewu lauded GOIL for its strategic decision to become a major player in the bitumen market as a
producer of the best quality PMB for the country. 

The Acting Managing Director and Group CEO of GOIL, Mr. Kwame Osei Prempeh,
said GOIL’S entry into the bitumen market is part of a strategy to widen its portfolio and consolidate gains
already made in the fuel business. 

He thanked government for creating the conducive environment for the growth of the petroleum sector
and lauded the role of the outgoing Managing Director, Mr. Patrick Akorli, for the foresight and determination
which has resulted in the project. 

The  Managing Director of SMB of La Cote D’ Ivoire , Mamadou Doumbia noted the project   will ultimately
enhance  peaceful business relations between Ghana and la Cote d’ Ivoire.

In attendance were representatives of SMB, Ghana Highway authority, National Petroleum Authority
and other stakeholders.

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