Nigeria’s Ondo State signed a public-private partnership with PyVee Limited to build what it calls the country’s first titanium processing plant, at a total cost of $362 million, the state government said on 10 October. A $12 million pilot plant is due to start within 21 months, followed by a complex costing more than $350 million on a 100-hectare site at Alape in Ilaje, with the state’s land as its equity. The plant would turn local ilmenite into titanium dioxide pigment and titanium sponge. Financing has not been disclosed, but the project would be an early test of Nigeria’s push to process its minerals at home.
Sources
- The Guardian Nigeria: https://guardian.ng/news/ondo-pyvee-seal-362m-deal-to-build-nigerias-first-titanium-processing-plant/
- Voice of Nigeria: https://von.gov.ng/ondo-signs-362m-deal-for-titanium-processing-plant/
- BusinessDay: https://businessday.ng/news/article/ondo-signs-362m-titanium-mega-plant-deal-first-in-nigeria/?amp=
- TheNiche: https://thenicheng.com/ondo-seals-362m-titanium-deal-targets-%E2%82%A6480bn-annual-economic-value/