According to Jehu Doumi, CEO NetOil Petroleum SA, the Cameroonian oil company founded in 2013 engaged into a partnership with the Slovenian company Grimpower for the construction of a solid waste treatment industry in the suburbs of the city of Douala (Pk 35).
He said funding for this investment totaling 40 billion CFA francs, will be partially provided by the Slovenian partners, who have already pledged to inject 25.5 billion francs CFA in this project.
"Currently, we are mobilizing funding for the Cameroonian side," said Jehu Doumi in an interview with the Daily Economy.
"We started with the simple treatment of oil waste, including sludge oil, to a treatment of municipal solid waste. Once structures like Hysacam finish collecting waste it will allow us to eventually recover all that is solid, process it and produce biodiesel (bio diesel), kerosene, Naphtha and other types of products, "says CEO of NetOil Petroleum.
