…The $20bn Ogidigben Gas project will host power plants, fertilizer, petrochemical, aluminum smelters, LNG, and methanol plants amongst others
FRI JAN 17 2025-theGBJournal| Alpha Grip Management Company (AGMC), a subsidiary of Alpha Group UAE and Chemical Engineering International Corporation Ltd.(CNCEC) have announced the signing of a formal partnership agreement for the development, finance and construction of the Ogidigben Gas Revolution Industrial Park (GRIP) Project in Delta State, Nigeria between AGMC and CNCEC.
Li Zhenyu, President of CNCEC, Joseph Tegbe, the Director General of the Nigeria-China Strategic Partnership, who is currently visiting China to bolster the Nigeria – China relations in line with the policies of President Bola Ahmed Tinubu’s led administration, and Mr. Sheikh Mohamed Bayorh President, Alpha Grip Management Company, were at partnership signing ceremony held at the CNCEC headquarters in Beijing, China.
The two sides engaged in in-depth discussions on further strengthening efficient and pragmatic cooperation, as well as implementation of the next project development steps in ensuring the project’s actualization and completion.
The $20bn Ogidigben Gas project will host power plants, fertilizer, petrochemical, aluminum smelters, LNG, and methanol plants amongst others, as well as many secondary industries that will generate thousands of employment both during construction activities and operations.
The AGMC developer consortium consists of a UAE based capital investment firm and several global players including Power China and now CNCEC, with a total asset value exceeding over $100bn.
This partnership between AGMC and CNCEC will undoubtedly complement each other’s strengths by joining forces in making significant contributions to accelerating Nigeria’s industrialization progress in the gas sector, with the successful take-off and completion of the Ogidigben GRIP project.
President Li Zhenyu of CNCEC provided a detailed introduction to the development of CNCEC’s overseas business and its operations in Nigeria, which recently included the construction of the Dangote Petrochemical Refinery Complex.
He emphasized that CNCEC, as a globally competitive contractor in the oil and gas industry engineering services sector, with expertise in R&D, investment, construction, and operations, has always regarded Nigeria as a strategic priority for its overseas expansion.
He further expressed CNCEC’s commitment to actively implement the consensus reached by the heads of state during the China-Africa Cooperation Forum Summit, to deepen multi-field cooperation, and making greater contributions to Nigeria’s economic growth through construction and industrialization.
He equally stressed CNCEC’s strong desire to develop the $20 billion Ogidigben Gas Project to completion in partnership with the licensed developer AGMC, FGN of Nigeria, Delta State Government, NNPCL and other stakeholders.
Director General Joseph Tegbe, conveyed the good wishes of Mr. President Bola Ahmed Tinubu in regards to the Nigeria-China strategic partnership to deepen the bilateral ties between the two nations, and emphasized that his visit was to follow up on President Bola Ahmed Tinubu’s official visit to China on the 2024 Forum on China- Africa Cooperation (FOCAC).
The Director General, NCSP highly recognized CNCEC’s technical capabilities in oil and gas, refining, petrochemical complexes, and integrated natural gas utilization.
He also praised CNCEC’s achievements in Nigeria and their involvement in the Ogidigben Gas Revolution Industrial Park project, which he stated is a national priority project with the full support of the His Excellency, President Bola Ahmed Tinubu.
Chairman of Alpha Group UAE/ President of AGMC, Bayorh thanked the CNEC leadership for its warm reception and formally concluding the partnership agreements for the Ogidigben Gas Revolution Industrial Park project.
The President of AGMC strongly emphasized on CNCEC’s technological competence and comprehensive strength in the oil, gas, and chemical industries and that this partnership will undoubtedly fast track the integrated development of the project poised to be Africa’s largest Gas City as originally conceptualized by the NNPCL.
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