Dr. Manteaw urges gov’t to develop its petrochemical industry
Dr. Steve Manteaw, a member of the Public Interest and Accountability Committee (PIAC) has urged government to leverage opportunities presented by its growing gas production to develop its petrochemical industry.
Developing the industry, he said, would help make use of chemicals from natural gas to manufacture, for instance, fertiliser for crops in the agric sector.
With gas production scheduled to begin from the Sankofa Gye Nyame field in 2018, the country is presented with an opportunity to use the excess gas to undertake petrochemical manufacturing. Dr. Manteaw told members of the Institute of Financial and Economic Journalists (IFEJ) at a post analysis workshop on the 2016 PIAC report in Koforidua. It was sponsored by GIZ.
He said: "More importantly is the opportunity that gas affords us to undertake petrochemical manufacturing. We can get these various chemicals depending on the compounds of these condensates, that is where you have a lot more urea and ammonia compounds and then it gives you the opportunity to be able to manufacture fertiliser.
"This will help interface the oil and gas sector with agriculture and get into a situation where the gas industry could support the agriculture industry."
Gas from the Tweneboa Enyera Ntomme (TEN) is expected in the second half of 2017 and it will produce about 30 million standard cubic feet of gas per day over the next five years. Dr. Manteaw, who is also a policy analyst for the Integrated Social Development Centre (ISODEC), said the increase in gas production would also aid the country in its power generation efforts. Currently, power generation from thermal sources is suffering as a result of the inability of the country to secure gas to power all its plants.
More gas production is, however, expected to cushion against the challenge, something he said would enable the country to sell the produced electricity at a much cheaper price. "We will get LPG and Lean gas to the extent that the lean gas will be used to generate electricity. Domestic users of electricity will be sure that they will get reliable and possibly even cheaper sources of power," Dr. Manteaw said.