The Ikedi Ohakim administration in Imo State is about to turn the sud on a $250m energy complex and a unique petrochemical facility to be known as Imo Royal Oak Petrochemical Company Limited – a joint venture between Imo State Government and Royal Oaks Group of USA.

The complex will comprise a 24,000 barrels per day crude oil refinery and ancillary facilities such as methanol manufacturing plant; fructose manufacturing plant; drinking water plant; a vocation technical trade school and a crude oil and finished products storage bay.

According to a release by the Chief Press Secretary to Governor Ohakim, Mr. Steve Osuji, the project is a realization of the New Face of Imo vision to build the state into a modern state anchored on manufacturing and tourism. It is billed to be completed in 34 months. He noted further that the project will generate employment for thousands of qualified Nigerians both during the construction stages and when the complex comes on stream.
It also comes with the added advantage of providing Nigerian youths, world class training opportunities required in the petrochemical sector.

Being part of the fruits of his trips to the US last year, Governor Ohakim has assured that the complex will be delivered within the stipulated period.

The agreement for the construction of the complex was signed recently in London between the Imo State Government and Royal Oaks Group of USA, according to the release.