BFPCL secures US$670m funding for the construction of largest methanol plant in Africa

NIGERIA – The Brass Fertiliser and Petrochemical Company Ltd (BFPCL) has secured an equity investment of US$670 million for the construction of 10,000 tonnes/day methanol production plant in Nigeria. The funds came from the signing of Final Investment Decision (FID) by The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC) and DSV Engineering. The facility would be the largest methanol plant in Africa and the first in Nigeria and the construction phase is expected to create 30,000 direct and indirect jobs and additional 5000 permanent…

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