The Free Zone developer’s status granted to Notore Chemical Industries Plc will enable the oil and gas petrochemical industry to create 15,000 jobs and attract $5 billion in Foreign Direct Investment (FDI), it was learnt yesterday.

The company has a direct port access and a dedicated jetty at Onne Complex, near Port Harcourt, Rivers State. Notore was awarded the Free Zone status by the Oil and Gas Free Zone Authority (OGFZA) last December.

On the company’s prospects, Managing Director/CEO Mr. Onajite Okoloko said the goal was to set up an industrial oil and gas and petrochemical complex that would attract investments and create thousands of jobs for Nigerians.

He added that the company was in a unique position, given that the Onne Complex is located within the Notore Free Zone, which provides “significant tax benefits and advanced logistics solutions for international distribution of products”.

The Notore chief executive said his company would in the next few months roll out its plan for the industrial complex at Onne, adding that part of the objective was to make it a hub for gas utilisation that will serve as the feedstock for its fertilizer, petrochemical and power plants.

Source: The Nation