{"id":55597,"date":"2022-01-23T05:27:16","date_gmt":"2022-01-23T04:27:16","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=55597"},"modified":"2022-01-23T05:27:16","modified_gmt":"2022-01-23T04:27:16","slug":"ardova-plc-to-conclude-construction-of-west-africas-largest-lpg-storage-facility-in-december-2022","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ardova-plc-to-conclude-construction-of-west-africas-largest-lpg-storage-facility-in-december-2022\/","title":{"rendered":"Ardova Plc To Conclude Construction of West Africa\u2019s Largest LPG Storage Facility In December 2022"},"content":{"rendered":"

Ardova Plc (\u201cAP\u201d or \u201cArdova\u201d) recently held a groundbreaking ceremony to commemorate the ongoing construction of its new world-class Liquefied Petroleum Gas (LPG) storage facility at the company\u2019s Ijora-Lagos Campus.<\/p>\n

The LPG facility which will sit on 8.8 hectares and have a combined storage capacity of 20,000 metric tonnes, underscores Ardova\u2019s commitment to grow revenues from cleaner fuels.<\/p>\n

\"\"<\/p>\n

Olumide Adeosun, Chief Executive Officer, Ardova Plc, said \u201cThis event marks an important step in our evolution to an integrated energy company, as it draws us closer to our projection of a future where renewables and cleaner fuels represent a considerable segment of our product offering and balance sheet.\u201d<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Mr. Adeosun also noted that \u201cThis facility, when completed will be West Africa\u2019s largest LPG storage complex, placing Ardova at the top of the industry in receiving, blending, storing, and distributing the product to both commercial and retail customers. It also indicates the direction of travel for our company, as it spotlights our confidence in LPG as the fuel of the future in Nigeria, in congruence with both the Nigerian government\u2019s gas expansion plan which seeks to make LPG mainstream at the end of the decade and the present growing rate of in-country consumer adoption of the product. Ardova\u2019s investment in this facility supersedes the expected commercial returns, as the company is equally focused on the positive environmental and human impact that increased access to gas will create.<\/p>\n

Mr. Adeosun noted that \u201cWe are also particularly interested in the improved socio-economic prospects it portends for citizens of our beloved country, especially rural consumers whose reliance on biomass such as firewood makes them vulnerable to attendant health risks and reduces much needed ground cover provided by trees at alarming
\nspeed.\u201d<\/p>\n

Mr. Adeosun added that \u201cBy December 2022, when construction is completed, we will have a facility that will be both best in class and future ready. The firms involved in the construction, fabrication, and sourcing of every single component to be used in this project have been
\nbenchmarked against the highest standards of Engineering, Procurement, and Construction (EPC) management, as well as Health, Safety and Environment (HSE) specifications. I am confident that we will deliver a world class facility that will continue to yield results for the
\ncompany in decades to come.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Ardova Plc (\u201cAP\u201d or \u201cArdova\u201d) recently held a groundbreaking ceremony to commemorate the ongoing construction of its new world-class Liquefied Petroleum Gas (LPG) storage facility at the company\u2019s Ijora-Lagos Campus.<\/p>\n","protected":false},"author":6,"featured_media":55598,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[7606,9321],"coauthors":[2391],"class_list":["post-55597","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-ardova-plc","tag-liquefied-natural-gas"],"yoast_head":"\nArdova Plc To Conclude Construction of West Africa\u2019s Largest LPG Storage Facility In December 2022 - National Wire<\/title>\n<meta name=\"description\" content=\"Ardova Plc (\u201cAP\u201d or \u201cArdova\u201d) recently held a groundbreaking ceremony to commemorate the ongoing construction of its new wo\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/ardova-plc-to-conclude-construction-of-west-africas-largest-lpg-storage-facility-in-december-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ardova Plc To Conclude Construction of West Africa\u2019s Largest LPG Storage Facility In December 2022 - 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