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Quantum Petrochemicals to begin construction on Nigerian plant

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/07/2015 (10:39)
According to media reports, Quantum Petrochemicals will soon begin construction on a planned petrochemical plant in Akwa Ibom, Nigeria. Akwa Ibom’s State Governor Udom Emmanuel stated that construction work on the plant will begin after Quantum finalizes a gas purchase agreement with ExxonMobil to supply feedstock to the plant. The investment value of the new methanol plant is reported at around $1.5 billion.

The project is expected to create employment opportunities for thousands of people as well as helping industrialization efforts of Akwa Ibom state.
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