Ithaca Energy Partners, an umbrella supply chain execution platform for Guyana’s Oil and Gas industry, is investing US$4.5 million in a 40,000 square-foot warehouse at Prospect, East Bank Demerara. ExxonMobil has been looking for warehousing facilities to support its operations.
Ithaca has approached Guyana’s Environmental Protection Agency (EPA) for the necessary environmental approvals.
According to a document published by the regulator, this facility will store non-hazardous commodities essential for down-hole crude oil drilling, such as barite, cement, sodium chloride, and calcium carbonate. Products will be either imported or locally processed, packed in 3,000-pound sealed bags, and later transported to approved processing sites.
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As a part of the authorization process, Ithaca has outlined the project’s anticipated environmental impact and its mitigation strategies. Ithaca said it is committed to adhering to international safety standards.
The warehousing project is anticipated to run for 20 to 25 years. The company said its directors are experienced in global supply chain management, and that the warehouse will employ 10 individuals.
