Duport Midstream

Developing Nigeria's first integrated energy park

Lagos, Nigeria · $15.0M raised

Headquarters
Lagos
Employees
51–200
Business Model
B2B
Total Funding
$15.0M
Last Round
$15.0M Venture RoundJun 2021
Rounds
1

About

Duport Midstream Company Limited (DMCL) is a leading Nigerian integrated energy company developing the first energy park in Nigeria, located in Egbokor, Edo State. The energy park comprises a 10,000 barrels-per-day modular refinery, a 60 million standard cubic feet (SCF) gas processing plant, a 10 million SCF compressed natural gas (CNG) plant, a 30,000 MT refined product terminal, and a 20MW embedded power plant. DMCL is source-agnostic in its approach to energy production, also engaging in carbon aggregation and trading, crude and condensate trading, and smart data networks for real-time operational efficiency. The company's mission is to replicate this integrated energy park model across Nigeria and West Africa to ensure a steady supply of refined petroleum products and gas for business and government needs. It is headed by CEO Dr. Akintoye Akindele, CFA.

Summary

Duport Midstream is a Climate Tech company based in Lagos, Nigeria. It has raised $15.0M in total across 1 round, most recently a $15.0M Venture Round round in Jun 2021.

Funding History

Venture RoundEquity InvestmentJun 2021
$15.0M

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