Infos Business of Wednesday, 3 September 2014

Source: investiraucameroun.com

Slovenian Grim-power invests 25.5b FCFA to treat solid waste in CMR

According to Jehu Doumi, CEO of Cameroonian NetOil Petroleum SA created in 2013, his company has entered into partnership with the Slovenian company Grim-power, for the construction of a solid waste processing unit on the outskirts of the city of Douala (Pk 35), the economic capital of Cameroon.

Funding for this investment, a total of 40 billion Cfa francs, will be partly filled by the Slovenian partners, who are already committed to injecting 25.5 billion francs Cfa in this project, says the CEO of NetOil Petroleum. "Currently, we are trying to mobilize funding from the Cameroon side", explains Jehu Doumi in an interview.

"We are part of the simple treatment of oily wastes, the oil sludge in particular towards the treatment of municipal solid waste. It will allow us, once collection is performed by structures such as Hysacam, retrieve all that is solid to process and produce biodiesel, kerosene, Nafta and other types of derivative products", says the CEO of NetOil Petroleum.