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Article: NIGERIA - Proposals.
- Article from:
- APS Review Downstream Trends
- Article date:
- August 17, 2009
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For years Nigerian planners have been promoting new projects in the petrochemical sector. Apart from those under Phase Three, ventures envisaged since the early 1990s have included methanol and MTBE plants.
Many companies had expressed an interest in petrochemical ventures, including ExxonMobil, Shell, Chevron, Methanex and Penspen. One project considered in 1992 was to build a $400m export-oriented methanol plant using gas produced by Chevron.
The plant, with a capacity of 2,000-2,500 tons/day, was to be a JV between NNPC, Penspen, and Mannesmann of Germany, with Chevron invited to have a stake as well. At the time, it was said that ICI had guaranteed ...