The Nigerian Content Development and Monitoring Board (NCDMB) has invested in a multimillion-dollar project aimed at refining condemned engine oil as an effort to mitigate environmental degradation in Nigeria.
The board revealed this during an annual tour to oil and gas companies benefiting from its Nigerian Content Development Fund (NCDF), an initiative designed to provide long-term risk capital to support Nigerian oil and gas companies operating in high-value and high-impact sectors.
Speaking during one of the tours to Bunorr Integrated Energy Limited, based in Port Harcourt, Rivers State, the Managing Director, Okeke Modestus Ikechukwu, said that as an indigenous energy company, it is focused on recycling used engine oil to base oil to power mechanical engines in the country.
Speaking further, he said their operations directly support Nigeria’s commitment to energy circularity, environmental sustainability, local content development and Import substitution.
Okeke further explained that the commencement of commercial operations has been completed, while technical commissioning and test running of the plant are ongoing, just as commercial production, demonstrating the capability of the plant to operate, has commenced.
He said, “Production Growth and Recovery. Increased production rates, especially from October to November. November 2025 recorded our highest revenue and gross profit since operations began. Production efficiency improved by more than 50% compared to earlier months.
“Improved Plant Reliability Stabilisation of boilers, condensers, fractionating columns, and storage systems. Replacement and repair of several critical components and better preventive maintenance practices have led to improved uptime.
“Strengthening of technical capacity, recruitment and training of new operators. Dedicated technical committees formed for: Operational Optimisation Viscosity Improvement (Base Oil quality), Product Diversification.
“Financial Recovery, Although the early months recorded deficits due to technical disruptions, the company has recovered strongly. November 2025 delivered a positive surplus, reaffirming the viability and profitability of the plant under stable operating conditions.
“NCDMB’s Role as a Critical Partner: The Positive Impact of NCDMB on Bunorr’s Success proudly acknowledges that our progress in the past six months is deeply connected to the support, oversight, and strategic partnership of the Nigerian Content Development & Monitoring Board (NCDMB).
“Confidence and Stability: NCDMB’s backing gave us credibility before vendors, financial institutions, and key stakeholders. This made it easier to attract technical partners and negotiate for materials and support.”
SOURCE: tribuneonlineng.com
