The Federal Government has approved the establishment of fertilizer and methanol plants by Indorama Corporation, core investors in Eleme Petrochemicals Company Limited. The project, according to a statement by the Head, Corporate Communications of the company, Mr. Jossy Nkwocha, on Tuesday, is worth $1.8bn (N275bn).
Pointing out that the plants would be located in the Eleme Petrochemicals Complex in Port Harcourt, Rivers State, the statement indicated that President Goodluck Jonathan approved the project when he hosted the Chairman of Indorama Corporation, Mr. S.P. Lohia; and the Managing Director, Mr. Manish Mundra, at the Presidential Villa.
The statement quoted the President as saying that he was quite happy with the plans of Indorama Group to build fertilizer and methanol plants of a world standard in Nigeria and promised to give the company the support it required to make the project a success for the benefit of Nigerians and the company.
The Chairman of Indorama had during the occasion informed the President that the fertilizer plant, when completed, would deliver one million tones of ammonia and urea fertilizers annually for Nigeriaâ€™s agricultural and industrial purposes. See also Leadership, Thisday, National Mirror, Daily Sun, Daily Independent, and Nigerian Tribune.