Nigeria has taken the final investment decision (FID) for the Brass Fertilizer & Petrochemical project to be located at Odioma, Brass Island, in the country’s Bayelsa state, Bloomberg reported late last week, citing an announcement by the Nigerian National Petrochemical Corp. (NNPC) on Jan. 29
The $3 billion project will be operated by Lagos-based Brass Fertiliser & Petrochemical Co (BFPCL), a joint venture between NNPC, the Nigerian Content Development and Monitoring Board, and Thailand’s DSV Engineering, according to a BizWatchNigeria report.
The plant is expected to produce 770,000 mt/y of ammonia, 1.3 million mt/y of urea, and 1.75 million mt/y of methanol, according to information on BFPCL’s website. The methanol plant will be Nigeria’s first such production facility.
The project will use gas from unexploited fields as its feedstock, and the project will also involve the development of pipelines and a gas processing plant.
The project “is logistically well-positioned to serve the large, growing, and captive market for urea and ammonia in Sub-Sahara Africa and exporting methanol to the global market,” BizWatchNigeria reported, citing NNPC in a series of tweets on Jan. 29
The FID comes seven years after the project was first conceived, and a full three years after the project originally was planned to start, according to the Bloomberg report.