Entity

PHDC Petroleum Hub Structure Plant (Phasing Plan) | Adapted from: Land Use and Spatial Planning Authority (May 2021)

The Petroleum Hub Development Corporation (PHDC) is a Ghanaian state-owned enterprise established under the Petroleum Hub Development Corporation Act, 2020 (Act 1053). It was formally operationalized in September 2021 to fulfill the government's vision of developing a modern, diversified, and financially sustainable energy economy. Its headquarters is in Accra, Ghana, and the project site is in Jomoro, Western Region.

The PHDC is mandated to plan, promote, develop, and manage Ghana's Petroleum and Petrochemical Hub. Its key statutory functions include:

• Facilitating the creation of industrial parks for downstream petrochemical manufacturing
• Assisting investors in acquiring licenses and permits from relevant regulatory bodies
• Ensuring knowledge transfer to Ghanaians in technical and managerial roles within the hub
• Entering joint ventures with companies operating within the hub
• Promoting the hub as a Free Zone to attract export-oriented investors

TCP-UIC Consortium (Phase One Developer)

The Phase One development and financing agreement — signed in June 2024 — was awarded to the TCP-UIC Consortium, a grouping of four private-sector partners:

The consortium is responsible for funding, engineering, and constructing the $12 billion Phase One infrastructure, including the 300,000 bpd refinery, petrochemical plant, storage tanks, and jetty/port facilities. Ground was officially broken in August 2024.

Project Model

The overarching structure is a public-private partnership (PPP): the Government of Ghana provides the land (declared as a Free Zone), regulatory support, and investment incentives, while all capital expenditure is borne by private investors through the consortium. This model is intended to attract further international oil trading and storage companies as the hub expands through Phases Two and Three (2024–2036).

Facility Operations

Once built, each facility within the hub will be operated independently by the private companies that finance and construct them — whether the TCP-UIC Consortium (for the refinery, petrochemical plant, and port infrastructure) or other investors who sign individual lease agreements with PHDC for specific assets such as storage terminals. All operators will hold Free Zone licenses issued by the Ghana Free Zones Authority (GFZA), entitling them to a 10-year corporate tax holiday and duty-free importation of capital goods and raw materials. PHDC itself does not run the industrial facilities; instead, it collects land lease fees and service charges from occupant companies, sustaining its role as the hub's governing and coordinating authority.

Key Infrastructure

Refineries • 900,000 BSPD TOTAL CAPACITY

Three (3) refineries with a total of 900,000 bpd minimum will be built, each of them will have a capacity of 300,000 bpd but can be expanded to 500,000 bpd by 2030 to 2035. One refinery will be built in each phase.

The hub’s minimum capacity is 900,000 bpd but can be expanded to 1.5 million bpd.

Petrochemical Plants • 5 PETROCHEMICAL PLANTS WITH 90,000 BPSD CAPACITY

There will be five (5) multi-purpose petrochemical plants with a 90,000 bpd capacity to produce fertilizers, lubricants and cosmetics. Three of these petrochemical plants to be fed with gas, and two to be fed with crude oil.

The feedstock will come from byproducts of the refineries. One (1) Petrochemical plant to be built in phase 1, additional two (2) plants in phase 2 and final two (2) plants in phase 3.

Storage Tanks • 10,000,000 CUBIC METER STORAGE CAPACITY

The Petroleum Hub will have tank farms with 10 million cubic metres of storage capacity built across three phases.

3 million cubic metres in phase in phase 1, additional 4 million cubic metres to be built in phase 2, and 3 million cubic metres in the final phase.

Jetties & Port Infrastructure

 The hub will have 2 or more jetties, and at least 4 discharge points. The hub should have the ability to handle vessels of all sizes.

Ancillary Infrastructure • (Investment model – joint venture )

• Transportation: Road network | Rail network | Airfield
• Utilities: Water Treatment Facilities | Power infrastructure (renewable and gas-powered power plants) | Waste Treatment Facilities | Solid Logistics | Commercial Services | Security Emergency Response Center
• Settlement: Residential Area | Commercial Area | Recreational Area
• Other Services: State-of-the-art Laboratory for petroleum products | Fabrication Workshops | Metering & Calibration Services | Inspection Services | Equipment Supply | Logistics Services

Facility Operations

Once built, each facility within the hub will be operated independently by the private companies that finance and construct them — whether the TCP-UIC Consortium (for the refinery, petrochemical plant, and port infrastructure) or other investors who sign individual lease agreements with PHDC for specific assets such as storage terminals.

All operators will hold Free Zone licenses issued by the Ghana Free Zones Authority (GFZA), entitling them to a 10-year corporate tax holiday and duty-free importation of capital goods and raw materials.

PHDC itself does not run the industrial facilities; instead, it collects land lease fees and service charges from occupant companies, sustaining its role as the hub's governing and coordinating authority.