Sustainability of modular refinery operation in Nigeria: Product quality and value chain

The modular refineries in Nigeria have the potential to create a bigger quantity of commodities while keeping the quality of those goods, and to deliver those products to their end customers in a manner that is both more expedient and more cost-effective. As a method of contributing to the nation's energy security and economic expansion, the purpose of this evaluation is to evaluate and improve the long-term sustainability of the product quality and value chain of modular refineries. To compile articles pertinent to the subject, "Google scholar" was used. To perform the analysis on the data that was obtained, methodologies for the foresight and analysis of material and energy projects, descriptive statistics, and life cycle cost analysis were used. Using the right techniques of financial management for infrastructure projects, indicators of profitability were estimated. These indicators included levelized costs of petroleum products, Net Present Value (NPV), Break-even and Payback Period, and return on investment. According to the findings, to assure the ongoing growth of modular refinery operations in Nigeria, it is vital to have a strategy that is both comprehensive and well-coordinated. Modular refineries can realize their full potential, which would contribute to energy security, economic prosperity, and environmental responsibility. For Nigeria to be able to establish a modular refinery sector that is both sustainable and profitable in its product quality and value chain, it is required for government agencies, industry players, and local communities to be committed and engaged in the process.

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Publication Details

Journal
World Journal of Advanced Engineering Technology and Sciences
Published
2025-03-30
DOI
https://doi.org/10.30574/wjaets.2025.14.3.0140
Primary Topic
Indian Economic and Social Development
Type
article
Field-Weighted Citation Impact
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article

Sustainability of modular refinery operation in Nigeria: Product quality and value chain

Mitchell Peter, Chukwu Arinze JohnPaul, Okwonna Obumneme
World Journal of Advanced Engineering Technology and Sciences
Indian Economic and Social Development
article

Sustainability of modular refinery operation in Nigeria: Product quality and value chain

Mitchell Peter, Chukwu Arinze JohnPaul, Okwonna Obumneme
article en

Abstract

The modular refineries in Nigeria have the potential to create a bigger quantity of commodities while keeping the quality of those goods, and to deliver those products to their end customers in a manner that is both more expedient and more cost-effective. As a method of contributing to the nation's energy security and economic expansion, the purpose of this evaluation is to evaluate and improve the long-term sustainability of the product quality and value chain of modular refineries. To compile articles pertinent to the subject, "Google scholar" was used. To perform the analysis on the data that was obtained, methodologies for the foresight and analysis of material and energy projects, descriptive statistics, and life cycle cost analysis were used. Using the right techniques of financial management for infrastructure projects, indicators of profitability were estimated. These indicators included levelized costs of petroleum products, Net Present Value (NPV), Break-even and Payback Period, and return on investment. According to the findings, to assure the ongoing growth of modular refinery operations in Nigeria, it is vital to have a strategy that is both comprehensive and well-coordinated. Modular refineries can realize their full potential, which would contribute to energy security, economic prosperity, and environmental responsibility. For Nigeria to be able to establish a modular refinery sector that is both sustainable and profitable in its product quality and value chain, it is required for government agencies, industry players, and local communities to be committed and engaged in the process.

World Journal of Advanced Engineering Technology and SciencesVol. 14(3)
Openalex Percentile: Top 91%
Indian Economic and Social Development
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