At least 35,000 jobs are to be created from the 10,000 tonnes/day methanol production plant by the Brass Fertiliser and Petrochemical Company Ltd (BFPCL). The project is being promoted by the Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC) and DSV Engineering and committing equity investment of $670 million into it.
The Executive Secretary of NCDMB, Engr Simbi Kesiye Wabote, the Group Managing Director (GMD) of the NNPC, Malam Mele Kolo Kyari, and Executive Vice-Chairman of BFPCL, Mr Ben Okoye, signed the Final Investment Decision (FID) on behalf of their organisations in Abuja at the weekend.
Speaking at the event, the Minister of State for Petroleum Resources, Mr Timipre Sylva, said that the project was part of the strategic efforts to maximise value and monetise the country’s vast gas endowments…
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News Archive from before July 2018