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July 24, 2011

Fertilizer, plastics complex inaugurated in Nigeria

by Nelson Chukwudi

Africa’s largest petrochemicals facility, Indorama/Eleme Petrochemicals Company Limited (Indorama/EPCL) located in Rivers State, Nigeria, has begun preparations in earnest for the establishment of a $1.8billion  methanol, fertilizer and low density polyethylene (LDPE) plants at Eleme.

...Managing Director of the company, Mr Manish Mundra, said the fertilizer plant would gulp $1billion while the methanol facility would consume $700million, just as the LDPE project would cost $100million.

Manish noted that the fertilizer, methanol and LDPE facilities, which would have annual nameplate capacities of 1.332 million metric tonnes, 1.165 million metric tonnes, and 0.120 million metric tonnes, respectively, would pumped to both domestic and international markets to generate much-needed revenue for the company’s shareholders and the country.

According to Mundra, while 100 per cent of the LDPE products would go the domestic market, 50 per cent apiece of the fertilizer produced would be sold to the domestic and international markets, just as 90 per cent of the methanol products would be shipped to international buyers in the United States, Europe, Asia and intra-African nations.

The managing director listed the benefits of the facilities to include employment generation of more than 1,000 new direct and indirect jobs for the teeming but jobless youths...

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