In a significant boost to Nigeria’s energy and industrial sectors, the China Road and Bridge Corporation, CRBC, has signed a major project agreement valued at $3.3 billion with Brass Fertilizer and Petrochemical Company Ltd, BFPCL, for the development of the Brass Industrial Park and Methanol Complex.
Nigeria’s Minister of Petroleum Resources, Gas, disclosed the agreement via his official X account, highlighting the project’s alignment with President Bola Ahmed Tinubu’s agenda to foster industrial growth and energy security. The agreement was signed during the ongoing Forum on China-Africa Cooperation, FOCAC, in China.
“During the Presidential State Visit and the Forum on China-Africa Cooperation, I had the privilege of witnessing the signing of project agreements for the Brass Industrial Park, Gas Gathering Pipelines, and the Methanol Complex.
“This partnership will inject about $3.3 billion into Nigeria’s economy, promoting innovation and growth in our energy sector,” the Minister stated.
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The Brass Oil and Gas City project, located on Brass Island in Bayelsa State, aims to position Nigeria as a leading hub for downstream oil and gas processing in Africa. With investments totaling $3.5 billion already committed to various projects within the Oil and Gas City, the industrial park is poised to become one of the world’s largest petrochemical, fertilizer, and hydrocarbon processing centers.
Brass Fertilizer & Petrochemical Company Ltd, the driving force behind the Brass Methanol Project, is a joint venture between DSV Engineering Limited, DSV, the Nigerian National Petroleum Corporation, NNPC, and the Nigerian Content Development & Monitoring Board, NCDMB. The project will include a comprehensive gas supply network, a gas processing plant, a methanol production facility, export terminals, and supporting infrastructure.
Situated on a 667.5-hectare site at the eastern end of Brass Island, near the St. Nicholas River and the Atlantic Ocean, the project is expected to drive economic growth, create jobs, and position Nigeria as a global player in oil and gas manufacturing.
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