To further maximize its existing assets, Transnational Corporation of Nigeria Plc plans to invest in petrochemicals and fertilizer production in the near future.

The Chief Executive Officer of the company, Adim Jibuno while addressing participants at the Transcorp Plc’s investors’ conference held in Lagos, said the investment in the petrochemical business is expected to attract revenue of about $5 billion for the company.

He said; “There is no day we do not use derivatives of crude oil. Petrochemicals are derivatives of hydrocarbon and crude so we only need to build capacity and achieve this. We are looking at maximizing the asset we have.”

Source: The Guardian