President Akufo-Addo breaking the ground for the project. President Akufo-Addo has cut sod for the development of the first phase of Ghana's Petroleum Hub project in the Jomoro Municipal Area of the Western Region. The project is aimed at the President's vision of Ghana becoming a regional hub for petroleum refining, storage and distribution. The first phase, when completed, will consist of a refinery with a capacity of 300,000 barrels per day (bpd), a 90,000bpd capacity petrochemical plant, 3 million cubic metres (m3) storage tanks, a jetty with port infrastructure valued at US$12 billion. The development of the Hub, which is private sector led is being undertaken by TCP-UIC Consortium which comprises of Touchstone Capital Group Holdings Ltd., UIC Energy Ghana Ltd., China Wuhan Engineering Co.