Indorama Eleme Petrochemicals Limited has announced plans to diversify from petrochemicals and fertiliser into methanol production.
The 1.75 million-tonnes-per-year methanol plant project is scheduled to commence in the third quarter of 2027, with additional capacity to be developed through 2031.
The company’s Managing Director, Mr Manish Mundra, represented by the Head of Fertiliser Manufacturing, Upendra Singh, disclosed the diversification plans during the 7th International Midstream and Downstream Oil and Gas Conference organised by the Centre for Gas Refining and Petrochemical Engineering, University of Port Harcourt, in conjunction with the Nigerian Society of Chemical Engineers.
Mundra said the investments reflect Indorama’s strategy of expanding domestic conversion of Nigeria’s gas resources into higher-value products rather than relying primarily on raw hydrocarbon exports.
He further disclosed that Indorama is scheduled to commence a Gas Terminal 3 and gas treatment unit project in the fourth quarter of 2026, with completion targeted for 2029.
The company will also begin a cracker debottlenecking and new polymer project in the first quarter of 2027, expected to be completed by 2030.
