From an undesirable position of importing LPG (cooking gas) cylinders, Nigeria is on course to become the world’s largest manufacturer of composite cylinder with the groundbreaking of Rungas ALFA plant performed on Friday by the Minister of State for Petroleum Resources, Chief Timipre Sylva at Alaro City, Free Trade Zone, Epe, Lagos State.

The facility alongside its sister plant – Rungas Prime in Polaku, Bayelsa State are being developed with equity investments by the Nigerian Content Development and Monitoring Board (NCDMB) and will on completion have a combined capacity of over 1.2 million cylinders per annum, surpassing the record held by a European firm that produces 900 cylinders.

The Minister described the cylinder plants as key to achieving deeper penetration of Liquified Petroleum Gas (LPG) and Compressed Natural Gas (CNG), in line with the Federal Government’s commitment to ensure economic diversification using the oil and gas industry as a pivot.

He stated that cylinders are the most visible element of the LPG value chain and the manufacturing facilities will not only bring affordable and durable cylinders to Nigeria but also create countless direct and indirect jobs for citizens.

Sylva also commended NCDMB for recording another milestone in the drive to enhance domestic participation and capacity building of indigenous companies in the oil and gas industry.

The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote gave the expected completion date of the facility as 12 months and underscored that the Board had proven that it delivers successfully on any project it participates in.

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Source: SweetCrudeReports