The federal government is considering the utilisation of methanol fuel technology to generate electricity and expand the chemical industry.
The minister of Science and Technology, Dr Ogbonnaya Onu made this known during the inauguration of the Technical Committee on Methanol Fuel Technology Implementation programme in his office in Abuja.
Dr Onu said the adoption of methanol will revitalise “our weak industrial base as many chemicals would be produced by industries through its exploitation”.
According to him, methanol fuel is now widely used in most parts of the world, adding that it is high time Nigeria joined the trail considering “our abundant natural gas resources that is being flared wastefully”, saying methanol is cheaper and more environmentally friendly, adding that it will eventually reduce the cost of fuel in the country.
He stated that 25 per cent of the natural gas that is being flared in the country posed health risk and affect negatively the social life of the people who live close to the site of crude oil production.
He explained that the gas can be harvested and converted into methanol for industrial use as well as fuel production, adding that it will boost power supply, create wealth and employment opportunities in the country, even as he charged members of the committee to hold wide consultation with relevant stakeholders within and outside the country and come up with workable blueprint for methanol programme implementation.
In his response, the committee chairman, and director of Environmental Sciences and Technology Department at the ministry, Peter Ekweozo, said the committee will work hard to ensure the diversification of the economy through the use of methanol, adding that methanol chain value implementation is the path to Nigeria’s economic revival.
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