Entity

Petroleum Hub Structure Plant (Phasing Plan) | Adapted from MyjoyOnline.com

Company Type & Legal Structure

Jomoro Petroleum Refining & Processing Company Ltd. is a putative name for the operating company that will most likely be incorporated as a private limited liability company under Ghanaian company law, structured as a Special Purpose Vehicle (SPV) created solely for the purpose of financing, constructing, and operating the Phase One assets at the Ghana Petroleum Hub in Jomoro. It would be registered with the Registrar General's Department of Ghana and hold a Free Zone Enterprise License issued by the Ghana Free Zones Authority (GFZA), in line with the cooperation agreement signed between the Petroleum Hub Development Corporation (PHDC) and GFZA in February 2025.

Shareholders & Governance

The equity structure of the SPV would reflect the composition of the TCP-UIC Consortium that signed the $12 billion development agreement with PHDC in June 2024. The likely founding shareholders are the two financial and operational partners of the consortium — Touchstone Capital Group Holdings Ltd. and UIC Energy Ghana Ltd. — with the two Chinese entities (China Wuhan Engineering Co. Ltd. and China Construction Third Engineering Bureau Co. Ltd.) participating as EPC contractors under long-term construction and maintenance agreements rather than as equity shareholders. The board of directors would be drawn from both equity parties, with Ghanaian representation mandated under the PHDC Act's knowledge transfer and local content provisions.

Registered Office & Project Location

• Registered Office: Accra, Ghana (likely Greater Accra Region), temporarily set at the Accra FreeZone.

• Operations Site: Jomoro Municipal District, Western Region, Ghana — within the Petroleum Hub Free Zone enclave

• GPS Reference Area: Off Tikobo 1 – Half Assini Nawulley corridor, Jomoro

Core Activities

The SPV's licensed activities would cover the full downstream processing and trading value chain for Phase One:

• Crude oil refining — 300,000 barrels per day (bpd) capacity, expandable to 500,000 bpd

• Petrochemical production — 90,000 bpd capacity across dedicated plants producing plastics feedstocks, fertilizers, lubricants, and cosmetic-grade chemicals

• Petroleum product storage — management of 3,000,000 cubic metre tank farm capacity

• Marine terminal operations — management of the jetty and port infrastructure for crude import and refined product export

• Product trading and logistics — sale and distribution of refined petroleum products domestically and for export across West Africa and international markets

Regulatory Framework & Incentives

As a Free Zone Enterprise, the company would benefit from:

• 10-year corporate income tax holiday, extendable under Ghanaian Free Zone legislation

• Exemption from import duties on capital equipment, spare parts, and raw materials

• No restriction on profit repatriation for foreign equity partners

• Streamlined licensing through PHDC as the single-window facilitation body

Relationship with PHDC

The SPV would operate under a long-term land lease agreement with PHDC — the state landholding authority — for the approximately 6,590-acre Phase One site. PHDC retains oversight of land use compliance, environmental standards, and hub-wide infrastructure coordination, but has no operational role in refinery or plant management. Lease fees and service charges paid to PHDC form part of the hub's four defined government revenue streams.

Employment & Local Content

Upon full commissioning, Phase One operations are projected to sustain over 780,000 direct and indirect jobs. The PHDC Act mandates knowledge transfer to Ghanaian nationals in both technical and managerial roles, and the SPV's operating licence would carry binding local content obligations in staffing, procurement, and community development aligned with the Jomoro Municipal Assembly's social requirements.

Development Timeline