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Markets :: Basic Chemicals :: Petrochemicals :: Methanol

Gulf of Guinea Oil Exploration to build methanol plant in Nigeria

3:13 AM MST | November 20, 2012 | Natasha Alperowicz

Gulf of Guinea Oil Exploration Limited (GGOEX), an integrated energy company established to take advantage of the opportunities available in the Gulf of Guinea, has announced plans to build a $700-million methanol plant in Nigeria by 2015. The plant, with a capacity of 850,000 m.t./year will be the largest in West Africa. The company has selected the Mitsubishi Methanol Process (MMP) for the plant. The project, the first commercial-scale facility to use the MMP process in West Africa, will be located at the gas industrial park in Delta State. The cost of the...

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