Project Description

Oxygen Gas Manufacturing Plant is a project of Harvard Petroleum, through Memorial Specialist Hospitals Medical Complex Limited. The proposed plant would produce gaseous oxygen for medical use and will be set up at Nimo, Anambra State, Nigeria. Oxygen is used in hospitals, chemical processes, general engineering, fabrication, steel manufacturing, motorcycle and steel cutting /welding industries.

With the COVID-19 pandemic and the shortage of medical grade oxygen gas in the country, Harvard Petroleum saw the need for medical grade oxygen gas and decided to meet the need by setting set up an Oxygen Gas Manufacturing Plant. One of the first main clients would be Memorial Specialist Hospitals. With low pricing and other competitive advantages, we plan to build a highly profitable Oxygen Gas business that will have strong regional presence.

The company will deliver high quality medical grade oxygen gas to its customers. As we keep our overhead costs low, we can maintain a low pricing strategy which will give us a key competitive advantage over other medical businesses. The ultimate goal is to contribute to lowering the cost of healthcare overall.

Oxygen has mainly three sectors in which the application of this product is going on. First and most important is healthcare, all hospitals are involved in this respect. The second biggest sector concerned with oxygen is the ship-breaking industry, which has a potential usage for oxygen. The third sector is that of the processes industry, which includes steel melting. With the COVID-19 pandemic as well as the growing need of hospitals and health-centers, the demand for oxygen is increasing.

The total capacity of the Oxygen Manufacturing Plant is 170m3 per hour and 2,160,000 m3 of Gaseous Oxygen per year. The project would initially run at 50% production capacity in the first year and eventually reach 100% production capacity in the sixth year. The unit would operate for 24 hours per day at 100% capacity, working in 3 shifts of 8 hours each.