The Petroleum Hub Development Corporation (PHDC) and its anchor partner, Touchstone Capital Partners, have reaffirmed their resolve towards the full development of Lot 1 of the ambitious energy project, which is estimated to cost US$12 billion. “Our vision is to position Ghana as one of Africa's leading integrated energy and industrial economies, creating sustainable opportunities through industrialisation, innovation and regional cooperation,” says Niccolò Ravano, Vice President of Touchstone Capital Partners. Touchstone Capital Partners’ agreement with PHDC will see it develop Lot 1 of the multi-phase project, comprising approximately US$12 billion in investment under the agreement between PHDC and the TCP-UIC Consortium. About the Petroleum Hub ProjectThe Petroleum Hub Project will be located in Jomoro, in Ghana’s Western Region. The project is poised to position Ghana as a leading petroleum and petrochemical hub in Africa, enhancing regional energy security and economic integration.