Blue Seal Pioneers Chemical Production Plant with $12.5m Investment in Ibeju Lekki

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

FG, States, LGAs share N528.39bn FAAC allocation in Jan 2021

The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.34bn to the three tiers of government in December...
- Advertisement -

Blue Seal Energy Group (BESG) has announced the groundbreaking of the first chemical production plant in Ibeju Lekki, Lagos, at the weekend.

Managing Director/Chief Executive Officer (CEO) of the firm, Mr. Doyle Edeni, disclosed the latest intervention by the firm to bridge the massive importation of chemicals into the country.

Edeni, added that the first phase of the 35,000 metric tons per annum chemical plant would cost about $12.5 million with a potential to expand.

Prior to the decision of the firm to set up a production plant in Nigeria, he said the company imports from its parent firm in Houston, USA. Quoting World Bank Figures, he said Nigeria imported chemicals to the tune of $1.4 billion in 2019 alone, out of which his company was responsible for $5 million dollars yearly.

- Advertisement -
Blue Seal Pioneers Chemical Production Plant with $12.5m Investment in Ibeju Lekki - Brand SpurBlue Seal Pioneers Chemical Production Plant with $12.5m Investment in Ibeju Lekki - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  2019 Election: Managing Enterprise Security Risks

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Blue Seal Pioneers Chemical Production Plant with $12.5m Investment in Ibeju Lekki - Brand SpurBlue Seal Pioneers Chemical Production Plant with $12.5m Investment in Ibeju Lekki - Brand Spur

Latest News

FCMB: Defying The Odds, FX Devaluation Supports Interest Income

FCMB Group Plc. was able to sustain gross earnings growth (+10.04% YoY to NGN199.44bn) in 2020FY supported by both...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Blue Seal Pioneers Chemical Production Plant with $12.5m Investment in Ibeju Lekki - Brand SpurBlue Seal Pioneers Chemical Production Plant with $12.5m Investment in Ibeju Lekki - Brand Spur