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Okechukwu Nnodim
The Nigerian National Petroleum Corporation and its partners on Friday took the Final Investment Decision for the construction of a $3.6bn gas processing and methanol plant.
The plant, Brass Fertiliser and Petrochemical Company Limited, is jointly sponsored by NNPC, DSV Engineering Limited and the Nigerian Content Development and Monitoring Board.
Partners in the project signed the FID in Abuja, as they explained that BEPCL was a special purpose vehicle with the primary objective of monetising the abundant gas reserves in Nigeria.
This, they said, would be through the development and construction of the first ever methanol plant in Nigeria in a designated oil and gas free trade zone in Odioama, Brass Island, Bayelsa State. ....

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