Representatives of the investment consortium AMS/Double Tree Capital Bank paid a courtesy call on the Petroleum Hub Development Corporation (PHDC) on Wednesday, December 3, 2025, to familiarise themselves with the wide range of investment opportunities at the hub.
Led by Dr Yusif Sulemana, a Technical Advisor at the Ministry of Energy and Green Transition, the four-member delegation was warmly received and treated to a comprehensive presentation on the ambitious project, highlighting viable avenues for investment and strategic partnership with PHDC to bring the vision to fruition.
In his welcome remarks, the Chief Executive Officer of PHDC, Dr Toni Aubynn, explained in detail that the three phases of the project are independent of one another, with each phase fully prepared for immediate commencement once funding is secured through investment.
Dr Aubynn further elaborated on the projectโs scalability, noting that while developing all phases simultaneously would provide a significant boost to PHDC, the corporation remains flexible and open to phased development or investment in specific components of the project.
Dr Aubynn emphasised PHDCโs readiness to provide the necessary labour force and facilitate all permitting processes to ensure smooth project execution.
Boubacar Bello, a member of the delegation, expressed strong confidence in the project, citing the consortiumโs proven track record in constructing refineries in Senegal and Cรดte dโIvoire, as well as its expertise in refinery and petrochemical plants, as proof of their ability to fully participate in the hub.
He disclosed that his outfit is interested in exploring investment opportunities within Phase 2 of the Petroleum Hub project, noting that they have the funding and expertise to see to the successful development of the key aspects of the phase.
Present at the meeting were the Deputy CEO (Operations and Technical) of PHDC, Onasis Rosely; the Deputy CEO (Finance and Administration), Halimatu Sadia Abdulai; and other directors of the corporation.
About the PHDC
The Petroleum Hub Development Corporation (PHDC) was established under the Petroleum Hub Development Corporation Act, 2020 (Act 1053) to lead the development of a world-class petroleum and petrochemical hub in Ghana. The hub is intended to serve the energy needs of the West African sub-region and the broader continent.
PHDC aims to promote innovation, research, and strategic infrastructure development to meet Africaโs growing demand for petroleum products and services. By creating an integrated petroleum value chain, the Corporation seeks to unlock economic opportunities, foster industrial growth, and create sustainable employment for Ghanaians and citizens across Africa.
About the Petroleum Hub Project
The Petroleum Hub Project, estimated at $60 billion, will be located in Jomoro, in Ghanaโs Western Region. The hub will comprise: Three refineries with a total capacity of 900,000 barrels per stream day (BPSD),
Five petrochemical plants with a minimum capacity of 90,000 BPSD. Storage tanks with a cumulative capacity of 10 million cubic meters and at least two jetties to support import and export activities.
The project is poised to position Ghana as a leading petroleum and petrochemical hub in Africa, enhancing regional energy security and economic integration.
