Home Business Energy FG Backs Ondo Methanol Plant Expansion
Energy

FG Backs Ondo Methanol Plant Expansion

Share
Share

The federal government, through the Ministry for Petroleum Resources (GAS), on Monday pledged its support for Nigeria’s first methanol production facility at the Ondo-Linyi Industrial Hub in Ondo State, aiming to boost local production and industrialisation.

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, who stated this on on Monday during an inspection of the SuperTech methanol and ammonium bicarbonate plant in Omotosho, Okitipupa Local Government Area, said the government would collaborate with the Nigerian National Petroleum Company Limited (NNPC Ltd.) and other agencies to help scale the plant’s output from 100,000 metric tons to 500,000 metric tons by 2026.

“I am impressed with what I have seen done by SuperTech in Ondo State. The Federal Government will give them all the necessary encouragement to reach 500,000 metric tons next year,” Ekpo said, just as he also added that the government was working with gas producers to ensure domestic supply, reduce imports, and keep prices affordable, directing NNPC to prioritise local utilisation of gas and methanol products.

NNPC’s Group Executive Officer, Bashiru Ojulari, represented by Executive Vice President Lekan Ogunleye, in his remarks, described the project as a major milestone for Nigeria’s gas industry and pledged continued support for SuperTech to generate employment and revenue.

SuperTech Chairman Yang Jijiang expressed gratitude to the Federal and Ondo State governments, adding that the facility had created jobs, facilitated technology transfer, and strengthened Nigeria-China cooperation.

Principal Consultant to the Ondo-Linyi Industrial Hub, Alex Ajipe, described the project as a historic achievement that would reduce import dependence, strengthen domestic manufacturing, and boost Ondo State’s and Nigeria’s economy.

Share
Related Articles

NNPC Launches Cawthorne Crude into Global Export Market

BY NKECHI NAECHE—ESEZOBOR—The Nigerian National Petroleum Company (NNPC) Limited has announced the...

Tinubu Approves ₦3.3 Trillion to Clear Power Sector Debts

President Bola Tinubu has approved the payment plan to finally settle the...

More Revenue For Nigeria As NNPC Exports 950,000 Barrels Cawthorne Blend Crude

Nigeria’s revenue is set to witness a boost as the Nigerian National...

Adelabu Apologises To Nigerians Over Power Outages, Promises Improvement

The Federal Government has apologised to Nigerians over power foutages but is...