| Work Detail |
The American company Nexant , awarded the contract for the feasibility study of the plant for the production of methanol derivatives - specifically formaldehyde - in Equatorial Guinea, should deliver this work in mid-June 2020, according to the official press release published in the first half of May relating to this contract.
The plant is planned in the industrial complex of Punta Europa, on the island of Bioko, near the capital Malabo.
The contract was awarded to Nexant by the Ministry of Mines and Hydrocarbons and AMPCO .
Atlantic Methanol Production Company LLC (AMPCO) operates a methanol plant on the island of Bioko in Equatorial Guinea.
The formaldehyde plant project is part of the 2020 Investment Year. It was agreed during a hearing in January between the Equatoguinean president, Teodoro Obiang Nguema Mbasogo , the Minister of Mines and Hydrocarbons, Gabriel Mbaga Obiang Lima , chairman of the executive board of Marathon Oil Corporation, Lee Tillman and vice president of the American oil company, Mitch Little .
The 2020 Investment Year is an initiative of the Ministry of Mines and Hydrocarbons (MMH) to boost investments and partnerships in the energy field.
The formaldehyde (methanal) is a chemical substance which is present at room temperature as a colorless gas. It is used as a disinfectant, preservative in animal nutrition, fixer, binder in resins (DIY products, maintenance, wall coverings, floors, furniture, plastics, etc.). |
