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BFPCL to create 20 000 jobs with new plant

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World Fertilizer,

Brass Fertiliser & Petrochemical Co. Ltd (BFPCL) has announced that its US$6 billion methanol plant is expected to create 20 000 jobs.

Chief Ben Okoye, Vice Chairman, said: “The project will employ 15 000 workers indirectly during construction and 5000 permanent workers after the project is completed.”

This announcement follows the company’s signing of a US$6 billion off-take deal with BP Oil International Ltd, which covers the exclusive off-take of methanol production from phase 1 of the project.

Chief Okoye continued: “The project is designed to be built in two phases and phase one which is expected to come on stream in 2020, will produce 1.66 million metric t (MT) of ethanol and 1.3 million metric t of urea per annum. Phase one also includes a dedicated export jetty and a 300 mm ft3/d gas processing plant.”

Once completed, the projected is anticipated to generated US$1.5 billion in turnover annually.

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