The Federal Government has announced that the Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8bn Brass methanol project, is to be completed in May 2024.
This was revealed by the Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo in Abuja, after a meeting with key stakeholders of the project in his office.
The Brass methanol project is a major industrial project being built in Bayelsa State to produce methanol, a key industrial chemical, using natural gas resources.
The facility is to have a capacity of 10,000 tonnes of methanol per day and is expected to be operational this year.
The $3.8bn is to create up to 15,000 jobs and aims to boost the Nigerian economy by reducing reliance on imports.
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