A project in Nigeria is set to establish Africa's largest gas-to-methanol plant in Akwa Ibom, aiming to address the issue of gas flaring and reduce CO2 emissions by utilizing the country's vast natural gas reserves. The Africa Finance Corporation (AFC) is arranging a project development facility to support the initiative, which is expected to produce 1.8 million tonnes per annum of methanol. The project, led by Blackrose and co-developed with the International Finance Corporation (IFC), will be implemented in two phases, with the second phase expanding to include ammonia production for fertilizers. The project is designed to create local jobs, with over 2,500 expected during the construction phase and a further 16,000 indirectly through increased manufacturing activity. By leveraging energy-efficient production methods and incorporating carbon capture and offset strategies, the plant aims to achieve lower carbon intensity and contribute to climate resilience. The initiative underscores Nigeria's potential to lead in low-carbon manufacturing and energy systems, with a focus on industrialization, job creation, and socio-economic advancement. The project's plans for carbon neutrality include the use of external hydrogen and advanced production techniques. Once operational, the plant is expected to play a significant role in Nigeria's economic development and position the country as a global player in sustainable manufacturing. The collaboration with IFC and the focus on net-zero transition highlight the commitment to green energy and job creation, showcasing Nigeria's efforts towards a more sustainable future.