United Independent Petroleum Marketing Company Limited (Unipet), a conglomerate headquartered in Trinidad and Tobago, is expected to make a US$4.9 Million investment in Guyana for the development of a bulk fuel storage facility, gas station, and convenience store.
Guyana Standard understands that Unipet is proposing to build a multi-purpose fuel facility at Pant ‘P’, Land of Canaan, East Bank Demerara. The proposed location is on a rectangular lot of land that measures 1.112 hectares. It is relatively flat with a maximum elevation change of just over 2 meters and maximum elevation of 5 meters.
According to project documents with the Environmental Protection Agency (EPA), this facility will consist of a bulk fuel storage facility with gantry loading, office buildings, and other ancillary infrastructure. It will also have a gas station and convenience store. The overall life of the project is 30 years with the first 2 years for construction and commissioning.
This news agency understands that the United Independent Petroleum Marketing Company Limited is a duly registered external company in Guyana with its head office in Trinidad & Tobago. Its core business is in the downstream liquid petroleum industry, as such, it can provide complementary energy services and convenience services. Unipet has been doing this since 1997.
The EPA has since disclosed that the project is exempt from the requirement of an Environmental Impact Assessment (EIA) as it has determined that it will not significantly affect the environment. The regulator was keen to note that this exemption does not mean that the project has been approved.