Upper Demerara River businessman Wasir Mohammed, and international company Chemtech Limited have partnered and applied to the Environmental Protection Agency (EPA) for permission to build a US$200 million Oil Refinery & Integrated Post Petrochemical Manufacturing Complex.
The company hopes to produce fertilizer that can be sold and bought at a cheaper cost here.
While the fertilizer plant is at the forefront of the investment plan of the company, the application also includes a request to the EPA to construct an oil refinery, which the company says it can do in two and half years. However, no detailed plans for the refinery were included in the project plan. “Basically we are going to do the fertilizer. We [Guyanese] will be able to source it at least 30% cheaper,” Mohammed told the Stabroek News as he stressed that all plans rest on getting EPA and other necessary permits. The details of the company’s plans can be found on the EPA’s website. The proposed site for the fertilizer plant is on the right bank of the Demerara River between the Silver Hills and Dora communities in an area called Plantation York. This newspaper understands that Plantation York was once owned by a British Guyanese writer, and had been put up for sale for some time.