Connect with us

BUSINESS

Gulf of Guinea Oil Exploration Limited to Invest N109 billion in methanol plant in Nigeria

Gulf of Guinea Oil Exploration Limited is set to invest $700 million (N109.02 billion) to establish methanol production plant in Nigeria, by 2015. It will have the capacity for 850,000 metric tonnes and will be the biggest in West Africa.  The company said it will use Mitsubishi methanol process as process technology to establish the plant.

The establishment is a boost to the investment moves of the Federal Government, and will extend Nigeria’s gas potentials.

Continue Reading
Advertisement
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Did You Know?

Events

Discover Nigeria

Career

Tourism

To Top