Shell Energy Entrepreneurs banner Yudala banner
Brass Fertiliser and Petrochemical Company to create 20,000 jobs

By News Express on 21/01/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 1,257

Industry Minister Okechukwu Enelamah.
Industry Minister Okechukwu Enelamah.

Brass Fertiliser & Petrochemical Company Limited (BFPCL) says its $6 billion methanol plant has the capacity to create 20,000 jobs in the host community.

The Brass Fertiliser plant is located in Brass Island, Bayelsa State.

In a statement, the vice chairman of the company, Mr Ben Okoye, said the project would employ 15,000 workers indirectly during construction and 5,000 permanent workers after the project was completed.

A Significant Milestone
Mr Okoye disclosed that phase one of the project had commenced following the securing of a $6 billion from BP Oil International Limited, London.

“We also secured 25 years 300 mmscf/d gas supply from Shell Petroleum Development Company of Nigeria Limited.

“The project is designed to be built in two phases “phase one which is expected to come on stream in 2020, will produce 1.66 million metric tonnes (MT) of ethanol and 1.3 million metric tonnes of urea per annum.

“Phase one also includes a dedicated export jetty and a 300 mmscf/d gas processing plant.

“On completion the project is expected to generate an annual turnover of $1.5 billion.
The project is extremely strategic to the country’s agricultural and industrial sectors. It will contribute to the country’s self-sufficiency in fertiliser and methanol based industrial raw materials,” he said.

Explaining the $6 billion it secured from BP Oil International, he said: “The contract was recently signed at the London office of BP Oil International for exclusive takeoff of methanol production from phase one of the BFPCL project in Brass, Bayelsa State, over a period of 10 years. The agreement is a key condition precedent to securing the foreign direct investment from the project lenders and international investors.

“Attracting a major international player like BP bears testimony to the tremendous support for the project by the current administration of the Federal Government of Nigeria (FGN), the Nigerian National Petroleum Corporation (NNPC) and the Central Bank of Nigeria (CBN), as well as the hard work and commitment of the project developers.”

Mr Okoye further described the agreement as a significant milestone in the development of the project, as it paved the way for financial close on phase one of the Brass Fertiliser project.

“The project has been designed to accommodate the yearnings of the Niger Delta people through the provision of employment and creation of business opportunities,” he added. (Channels TV)
 

Source News Express

Posted 21/01/2017 12:34:47 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Ex-President Jonathan’s friend dumps PDP for APC

WE’LL DELIVER —Obiano assures as he receives INEC’s...

Buhari can never become Nigeria's president again —Babatope...

70 prophets storm Jerusalem to pray for Nigeria...

Boko Haram now stronger and deadlier

Expect rains today except in the North —NiMET...

Troops raid Boko Haram enclave, recover arms and...

Restructuring: Northern Governors, traditional rulers to hold public...

FG blames low power generation on vandals, warns...

Anambra Guber: Old Aguata youths reject Obiano •Berate...

NDLEA arrests 200 drug dealers in Zamfara

PERM SEC SCANDAL: ‘First Lady a ghost worker’...

 

Latest News Music star Burna Boy in police net over armed robbery 4 killed, 160 wounded in Jerusalem protests NAF helicopters, fighter jets unleash fire on Boko Haram settlements Sultan to train 200 orphans caused by insurgency Muslim, Xtian leaders meet in Lagos Activists spoil for war with IGP over continued sealing of Peace Corps headquarters in defiance of court order Delta LG polls: Okowa predicts landslide victory for PDP Lagos CP orders arrest of female lawyer over alleged abuse of house help Supreme Court dismisses appeal to stop investigation into N1.8bn subsidy fraud PDP convention: Reconciliation in South-West successful, says Dickson All set for multiple celebration of Obuah in Port Harcourt Expect hazy, sunny, cloudy weather today – NiMet

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (301,756 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (286,548 views) Shameless Genevieve Nnaji exposes breasts in public (231,170 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (193,899 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (183,724 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (170,867 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (147,570 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (132,763 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (130,954 views) Lagos plane crash: Journalist releases victims’ names (119,410 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (115,773 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (112,580 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,823) Business Verdict (30) Columnists (779) Complaints & Requests (94) Enterprise & Opportunities (195) Entertainment (421) Features (523) Global Business Monitor (196) International (1,693) Interviews (138) Live Commentary (28) Love Matters (92) News (31,059) Opinion (845) Pidgin (9) Politics (4,224) Religion (654) Sports (1,381) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

MOBO Awards

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!