Search

AFC Backs Nigeria’s Largest Gas-to-Methanol Plant in Akwa Ibom

Allen dreyfus Logo
© Allen Dreyfus
  • Africa Finance Corporation partners with Blackrose and IFC to transform Nigeria’s gas reserves
  • The project aims to produce 1.8 million metric tons of methanol annually, driving industrialisation and reducing emissions

Africa Finance Corporation (AFC), a multilateral development finance institution, announced plans to fund a major natural gas-to-methanol plant in Nigeria’s Akwa Ibom state. The project, in partnership with investment firm Blackrose and the International Finance Corporation (IFC), is set to produce 1.8 million metric tons of methanol annually, marking a significant step in converting Nigeria’s wasted gas resources into valuable industrial products.

You need an active subscription to continue reading this article.

Recent Business

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights