Nigeria Initiated The Process to Set up a Polyethylene Plant in The Koko FTZ

The Federal Government of Nigeria has initiated the process to set up a polypropylene and polyethylene plant in the Koko Free Trade Zone (FTZ) by appointing a team for preliminary site inspection.
 
This was disclosed by the Delta state Commissioner of Transport Mr. Benson Igbakpa while presenting the mid-term report by members of the state executive council in Asaba.
 
The setting up of petrochemical and gas processing facilities at the Koko FTZ would involve an investment of about US$ 16 billion, Mr. Igbakpa said, according to a Vanguard report.
 
The proposed petrochemical plant would have a capacity to produce 1.3 million tons per annum of polypropylene and polyethylene, and would be built by Xenel of Saudi Arabia, in collaboration with Nigerian National Petroleum Corporation (NNPC) and other investors.
 
The proposed petrochemical plant is likely to emerge as Africa’s largest industrial complex and the Federal Government is currently working with the Nigerian Port Authority (NPA) and the Delta state government to tackle the siltation and draught problems so as to allow movement of large vessels across the Delta ports and the Koko FTZ, Mr. Igbakpa said.
 
Polypropylene is used in the textile value chain for manufacturing of acrylic fibre.