Zambia has taken a major step toward reshaping its energy sector with the launch of the Zambia Petrochemical Energy Company Limited project, a large-scale investment valued at $1.1 billion. The development introduces a refinery designed to process 60,000 barrels of crude oil per day and produce a range of petroleum products for the domestic market. This project is positioned as a key driver in reducing the country’s dependence on imported fuel and strengthening national energy security. It also signals a broader shift toward industrial expansion and local value addition within the economy. The groundbreaking ceremony held in Ndola district marked a significant moment for government leaders, investors, and communities expecting long-term economic change.
Government officials highlighted the project as a turning point for Zambia’s industrialization agenda and its wider economic transformation goals. Minister of Commerce, Trade and Industry Hon. Chipoka Mulenga MP emphasized that the investment reflects growing investor confidence in the country’s business environment. He stated that the project sends a strong message that Zambia remains open for business and is ready to engage with serious investors committed to long-term growth. His remarks focused on how the refinery will reduce reliance on imported petroleum products while strengthening downstream industries that depend on fuel and petrochemical inputs. He also pointed to job creation as a major benefit, especially for local communities in and around Ndola.
The Minister of Energy Hon. Makozo Chikote reinforced the government’s position that private sector participation is central to Zambia’s energy strategy. He explained that under President Hakainde Hichilema’s leadership, the country is actively creating conditions that encourage private investment in strategic sectors like energy. He described the project as evidence that Zambia is moving from policy commitment to practical implementation of a privately driven economy. According to him, the refinery will not only improve fuel availability but also support long-term energy stability. His remarks reflected a broader government effort to build infrastructure that attracts international partnerships and strengthens domestic production capacity.
Regional leadership also welcomed the development, with Copperbelt Province Minister Hon. Elisha Matambo pledging full support from the provincial administration. He stated that local authorities are committed to ensuring a stable environment for the project to succeed and grow. The Industrial Development Corporation CEO Cornwell Muleya added that the investment will play a strong role in industrialisation efforts and community development. He noted that the project will create jobs, support local suppliers, and contribute to corporate social responsibility programs that benefit surrounding communities. He also emphasized that the transformation of Ndola into a stronger industrial hub will have lasting economic effects across the region.
International partners involved in the project also expressed optimism about its future impact. A representative from China thanked Zambia for the opportunity to collaborate and extended wishes for prosperity and success in the implementation of the refinery. The representative highlighted hopes that the project will be completed on schedule and become a strong contributor to Zambia’s growing petrochemical and energy sectors. The construction phase alone is expected to create more than 2,200 jobs, with additional long-term employment opportunities once operations begin. Skills transfer and local workforce development are also expected to form a key part of the project’s legacy. Overall, the initiative represents a major step toward strengthening Zambia’s energy independence, expanding industrial capacity, and driving sustainable economic growth.