Financing Ask: $300 million

Expected ROI: 24% IRR

Project Objectives:

• Utilize condensate from gas plants to produce gasoline, reducing Nigeria’s dependency on imports.

Project Highlights:

• Location: Otorogu, Delta State, Nigeria.
• Capacity: 10,000 barrels per day of condensate.
• Partners: UOP for performance guarantees; VFuels/Lambert for construction.

Execution Timeline:

1. 0-6 months: Modularization in Houston.
2. 6-18 months: Installation in Delta State.
3. 24 months+: Commissioning and operations.