paradise expellercoconut oil refinery plant in ethiopia

   
paradise expellercoconut oil refinery plant in ethiopia
                                               
                                               
                                               
                                               
  • paradise expellercoconut oil refinery plant in ethiopia
What will Ethiopia's new edible oil factory do?

When the new factory begins production at its full capacity, it will be able to meet 60 percent of the total demand of Ethiopia for edible oil. The factory will also be able to create 3,000 jobs. The factory will be distributing its produces as of tomorrow, according to the investor Belayneh Kinde.

What is Ethiopia's oil refinery?

The refinery will mainly serve Ethiopia, but also part of the East African market. Ethiopia¡¯s first oil refinery was established in 1967 in the port of Assab. Built by Russian engineers during the imperial regime, it had the capacity to produce 500,000 tons of fuel per year, which then grew to 800,000 tons.

What is the capacity of the Ethiopian refinery?

The refinery will have the capacity to transform six million tons of crude oil, equal to about 120,000 barrels a day. Ethiopia currently uses three billion tons of fuel each year. The capacity of the refinery will eventually be extended to 12 million tons per year.

Who will finance the Ethiopian refinery?

The construction of the refinery in Ethiopia is to be financed by the Americans. Fairfax Africa Fund, an investment company based in the United States, expects a total investment of four billion dollars in collaboration with Asian partners.