- The Industrial Development Corporation (IDC) has extended funding and converted debt into equity for Tongaat Hulett, focusing on its Durban refinery operations.
- The potential revival plan for the Sapref refinery in Durban, South Africa, involving its history with Shell.
Mossel Bay GTL Refinery Revival Plan Awaits Government Approval
What happened
The Central Energy Fund is considering the revival of the Mossel Bay gas-to-liquids refinery, which has been idle since 2020 due to a shortage of domestic gas feedstock. The restart will occur in phases, with Phase 1 targeting 18,000 barrels per day. This initial phase requires an estimated investment of 5.8 billion rand, while Phase 2 would require an additional R8.5 billion.
From cnbcafrica.com
Why it matters
The overall revival of South Africa's state-owned refineries requires over $8 billion to proceed. The ambitious plan to upgrade the Sapref refinery to a 400,000 to 650,000 bpd plant is pending National Treasury approval. Successful revival of these projects is intended to strengthen national energy security and reduce reliance on imported fuels.
From cnbcafrica.com
Who's involved
- South AfricaCountry where the state-owned refinery is located.
- National TreasuryThe treasury whose approval is required for major infrastructure investment.
- Mossel BayTown where the gas-to-liquids refinery is located.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- South AfricaSpeculative
The successful revival of the state-owned refinery projects could bolster national energy security and industrial capacity.
Keep exploring
The entities involved
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South Africa
country in southern Africa
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Shell
British multinational oil and gas company