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Nigeria's Manufacturers Seek Steady Crude Supply for Petrochem

Nigeria's Manufacturers Seek Steady Crude Supply for Petrochem

The Manufacturers Association of Nigeria, represented by Director General Segun Ajayi Kadir, has called on the federal government to guarantee a steady supply of crude oil to support the petrochemical sector. This appeal follows the announcement on April 20 regarding a partnership between Dangote Petroleum Refinery and Honeywell UOP, which will utilize Oleflex technology to produce an additional 750,000 metric tons of propylene annually.

The refinery is projected to produce 400,000 metric tons of linear alkylbenzene yearly, crucial for detergent manufacturing. Ajayi Kadir emphasized that government policies and infrastructure support are vital for sustaining growth in the petrochemical sector.

He highlighted the need for massive investments in gas supply infrastructure and tax incentives to attract investors. The partnership is expected to significantly boost the chemical packaging and plastic industries, reduce import dependency, and create job opportunities, thereby enhancing Nigeria's economic landscape.

Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.

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