Petrochemicals & Refining

Introduction
Key milestones
Current operations
Expansion
Partnerships

Waltersmith Refining & Petrochemical Company is building a 50,000 bpd modular refinery in phases—championing domestic refining, energy transition, and regional economic growth.

Introduction

Driving Energy Security through Modular Refining

Waltersmith Refining & Petrochemical Company Limited (WRPC) is a forward-looking energy company committed to optimizing Nigeria’s hydrocarbon value chain through modular refining. With our refinery located near the Ibigwe flow station in Imo State, we’re addressing upstream volatility and enabling domestic energy security through local refining and downstream integration.

Key milestones

Our Journey So Far

1996

WRPC Incorporated

2015

LTE (License to Establish) obtained

2017

Construction approval granted by NUPRC

2018

Groundbreaking of Phase I refinery

2020

Commissioned Phase I (5,000 bpd); Broke ground on Phase II (25,000 bpd)

2025

(Expected) Commissioning of additional 5,000 bpd train

Current Operations

Operational excellence from day one.

Since commissioning our first 5,000 bpd modular refinery in 2020, we’ve consistently delivered high-quality petroleum products to meet domestic demand—maximizing crude value while ensuring energy reliability.

  • Refining Capacity: 5,000 barrels per day (bpd)
  • Commissioned: November 2020
  • Utilization: High, serving growing domestic demand
  • Cumulative Crude Processed: ~6 million barrels
  • Product Sales: 700+ million liters
  • Trucks Dispatched: Nearly 20,000
  • Product Slate: Naphtha, Dual Purpose Kerosene (DPK), Automotive Gas Oil (AGO), Very Low Sulphur Fuel Oil (VLSFO)
Expansion Strategy

Scaling to meet tomorrow’s energy needs

Through a phased development plan, Waltersmith is expanding refinery capacity to 50,000 bpd—deepening our impact on domestic refining, regional supply, and industrial growth.

Phase 1

  • Status: Commissioned
  • Capacity: 5,000 bpd
  • Purpose: Optimize crude value, supply domestic market

Phase 2

  • Type: Stand-alone 25,000 bpd condensate refinery
  • Status: Advanced development
  • Progress: Feasibility study and FEED completed
  • Expected Products: Gasoline, diesel, LPG, kerosene, aviation fuel
  • Completion Target: 24 months from groundbreaking (2020–2022+)

Phase 3

  • Plan: Additional 20,000 bpd refinery
  • Goal: Achieve 50,000 bpd total capacity
  • Expanded Slate: PMS, LPG
  • Objective: Regional supply, export potential, and job creation
Strategic Partnerships & Financing

Backed by strong partners

Our refinery development is supported by strategic alliances and reputable financial institutions—ensuring technical expertise, regulatory backing, and sustainable project execution.

30% equity stake

EPC contractor

EPC contractor

Project financing support

Long-Term Impact

Driving national growth and energy security

Our refinery project goes beyond production—it supports industrialization, creates jobs, strengthens Nigeria’s energy independence, and contributes to long-term economic development.

  • Supports Nigeria’s import substitution strategy
  • Generates thousands of direct and indirect jobs
  • Boosts FX earnings through exports
  • Advances energy transition and industrialization