Indorama Plants Will Attract Foreign Investments, Boost Economy - Operator

Daily Champion

25 May 2011

Indorama Plants Will Attract Foreign Investments, Boost Economy - Operator

Port Harcourt — Management of Indorama, operator of the Eleme Petrochemicals Company Limited (EPCL) has said that the Fertiliser and Methanol plants being proposed by the firm would create employment and attract foreign investment.

The company said the plan to build the two plants was in pursuit of its dream to become the largest Petrochemical hub in Africa, which would in turn boost Nigeria 's economy.

Managing Director of Indorama, Mr. Manish Mundra who stated this during a facility tour of the company said the two plants are valued at $1.8billion (N275billion), noting that the projects would be cited in Eleme, Rivers State.