Energy Firm Lays $12.5 Million Chemical Plant Foundation In Lagos
Blue Seal Group, an indigenous energy firm has laid a multi-million dollar foundation for local production of chemicals that will be used to advance petroleum products production across the downstream value chain and enhance production processes in the nation’s manufacturing and agriculture industry.
The plant will support chemical demands for production and servicing of the multi-billion dollar Dangote refineries and petrochemical industries in Lagos state.
Speaking in Lagos, Deji Adetula, the Managing Director and Chief Executive Officer of the company, said the company said the firm has fully ventured into specialty chemical manufacturing space including oilfield chemicals, downstream chemicals, heavy industries and middle chemicals.
Adetula, said chemicals to be produced will help in expanding exploration in Nigeria’s mining sector. The plant will help boost barite exploration, bentonite, caustic and calcium chloride, and chemical productions like emulsion breakers, water clarifiers, scale inhibitors, paraffin inhibitors, corrosion inhibitors among others.
He added that the idea of establishing the plant was designed to reduce huge foreign exchange in chemical importation, in which the company in particular spends $5 million annually to import chemicals to service the oil and manufacturing sectors.
He said the country stands to benefit from the investment as the plant when it begins operations in the next 36 months will help improve access to industrial chemicals to boost local production, support current administrations campaign for indigenous production of goods and services, create secondary industry and indirect jobs for suppliers of raw materials and services for the factory.
Besides, he said the facility will generate over 1500 jobs when fully operational, significantly reduce dependence on import and help in stimulating the economy.
Adetula, who lamented difficulty in accessing intervention funds established by federal government, said the firm has approached the Nigerian Content Development and Monitoring Board (NCDMB), to access the Local Content Fund.
The Managing Director said the company has brazed the trail as pioneer indigenous Water and Process Treatment Technology Company, Energy Services, Construction and Agro-Allied establishment, and has given employment to many skilled young Nigerian graduates.
He added that the company, commenced its business as a trading company specializing in the supply of Chemical products and services before graduating into an full-fledged engineering solutions company organisation.
“We now manufacture the products and customizing its services to clients across the West African Region.
The company’s range of products and services cuts across Water and Process treatment applications in Industrial and Institutional, power and steel, fertilizer and cement, oil and gas.
“We have constantly maintained a leadership position in Water and Process Treatment Technology, providing our clients with efficient, cost-effective technology and a level of personal involvement that ensures you get the solution that’s just right for your operation and your organization.
SOURCE: oglinks.news
