The French Centre for Foreign Trade reports that the consortium Euro-Chem (Indonesia and Singapore) plans to build a methanol, ethylene and polyethylene complex in Nigeria, to come online in 2006. The new plant is to be the first to be built on the new Lagos Exporting Processing Zone. The planned capacities are 2.5 million tonnes per year (tpy) of methanol, 400,000 tpy of ethylene and 400,000 tpy of polyethylene. The 6.2 mllion cubiv metres of natural gas that would be needed by the complex is equal to 12% of the gas that is currently burnt in Nigerian oil deposits.
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