The Government of Ethiopia has awarded a yearlong study to a United States company to realize conversion of its natural gas deposit into liquid petroleum gas (LPG) and other petrochemicals. Today the Ministry of Mines, Petroleum and Natural gas of Ethiopia has signed the agreement with GreenComm Technologies. Ethiopia needs $3.6 billion investment to translate the study into a full-fledged active oil processing and refining plant. It is stated that to conduct the study GreenComm Technology of the United States, which covers the 70 million required for the study, will be collaborated with Hyundai Engineering and Construction. In collaboration with the government of Ethiopia, PLY-GCL, is now working to take the gas to Djibouti Port via pipeline set to be installed between the two countries (Ethiopia and Djibouti).

Source: Ethiopian News April 28, 2020 15:33 UTC