Soyo Refinery breaks ground in Zaire to construct a 100K barrel per day refinery

• US. based Quanten Consortium Angola, LLC in partnership with Sonangol hosts Soyo Refinery’s Groundbreaking Ceremony

• Quanten Plans to Establish Local Content Initiative for Soyo City and Zaire Province

ANGOLA– The Soyo Refinery Groundbreaking ceremony was held on Friday, May 13 to commemorate the construction of a 100,000 barrel per day refinery in Soyo, Zaire Province. U.S. based Quanten Consortium Angola, LLC (Quanten) will build, own, and operate the Soyo Refinery which will process a variety of crudes for production of consumer-ready end products such as gasoline, diesel, jet fuel, and asphalt.

The ceremony was led by the Angolan Minister of Petroleum Resources, Honourable Minister Diamantino Azevedo. Members of the delegation included the Chairman of the Sonangol Group, Gaspar Martins, the parastatal that overseas petroleum and natural gas production in Angola.  The Embassy for Angola to the U.S. and representatives from the project’s technical partners joined in the ceremony with Quanten in this occasion commemorating the official signing and established partnerships supporting the project.

During the ceremony, Quanten showcased the plans of the proposed deep-conversion refinery at Soyo, which is expected to play a critical role in Angolan President Joao Lourenco’s program of strengthening Angola’s economy by reducing the country’s current reliance on expensive refined product imports. “Soyo Refinery will be one of only two refineries on the continent of Africa to meet the Euro 5 Standard ” said Dr. Segun Thomas, Managing Partner of Quanten Consortium Angola, LLC.  “We plan to continue a forward-thinking approach for the refinery and economic development for the local community.”

In addition to the ceremony, Quanten’s team plans to meet with the local community and stakeholders in Zaire Province. The company plans to establish a robust Local Content Initiative for Soyo City and Zaire Province that is far beyond the normal Local Content Initiative. The initiatives will focus in the areas of health care, technology, and entrepreneurship.

Moreover, the ceremony provided the opportunity to engage local business executives and discuss the tremendous opportunities and potential for the project. The refinery is currently scheduled for startup in 2025. Quanten’s Managing Partner, Mr. Jeff Meyers noted that “We support the government’s drive for socio-economic transformation and will address a spectrum of development opportunities across a range of sectors.”