The Libya Africa Investment Portfolio (LAIP) reported yesterday that its Misrata Cement Plant Technical Committee (formed by the Board of Directors Resolution No. 13 of 2024), held its eighth meeting at its headquarters in Souq Al-Juma area in Tripoli, on Tuesday, 21 January.
The stalled Misrata Cement Plant project aims to produce 2 million tonnes per year in the first phase, with production rising to 4 million tonnes per year in the second phase, to cover the needs of the local market and part of the external market, according to economic feasibility studies prepared for the project.
LAIP reported that the meeting discussed a number of important issues related to the progress of the project, including reviewing the offer of a consulting firm on assessing the current condition of the plant, and decided to refer this offer to the LAIP management.
Sufficient quantities of raw materials
The committee also reviewed the study of the availability of raw materials, where the vice chairman of the committee confirmed that the available quantities are sufficient to operate the factory for at least fifty years.
The committee proposed to cooperate with one of the competent authorities to conduct a confirmatory study on the quality of raw materials and their availability, to ensure the sustainability of the project.
Land ownership
With regard to the ownership of the land allocated for the project, the committee discussed the mechanism for verifying the ownership of the land, and one of the legal members was assigned to follow up the file with the competent authorities and owners.
Gas, water, electricity
The meeting also touched on the supply of gas, water and electricity to the project, in addition to improving the road leading to the plant, where the importance of these services to ensure the efficient operation of the plant was emphasized.
A strategic project
LAIP said this meeting comes as part of the ongoing efforts to ensure the success of this strategic project, which is expected to contribute significantly to strengthening the industrial sector and meeting the growing demand for cement.
Project stalled since 2012
It is worth noting that this project has been suspended since 2012, where the completion rate reached about 32 percent. LAIP has recently been communicating with the Chinese company executing the factory (Sinuma Yuhan), and the Chairman of its Board of Directors visited the LAIP last September, followed by the visit of a technical delegation to meet with the project committee, and make the necessary arrangements for the launch of the project.
