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Tetracore Energy Group Limited has announced plans to expand into gas-to-liquids (GTL) processing and ammonia-urea fertiliser production, marking a new phase in the company’s long-term growth strategy. The move is aimed at increasing the conversion of Nigeria’s natural gas into products for domestic use and export, while supporting the country’s gas-based industrial agenda.
The expansion represents a shift from Tetracore’s current focus on gas supply and power delivery to gas conversion and manufacturing. The company said the projects are designed to deepen local gas utilisation, reduce waste, and create additional economic activity across the energy and agricultural value chains.
Under the plan, Tetracore is developing a 5,000 barrels-per-day GTL facility in Atakobo, Ogun State, and a 1,200 tonnes-per-day integrated ammonia-urea fertiliser complex in Koko, Delta State. Both projects are structured to draw feedstock from the company’s existing gas assets and infrastructure, which Tetracore said would reduce supply and execution risks.
Olakunle Williams, Tetracore’s President and Chief Executive Officer, said the expansion reflects a long-standing strategy of building on existing operations rather than pursuing rapid growth without a foundation.
“Our strategy has always been to grow organically, but with focus on conpleting our vertical integration and add significant value to our abundant energy resources,” he said. “We are not pursuing scale for its own sake. We are building on assets we already operate, relationships we have established, and markets we understand deeply. This expansion is about turning gas into lasting value—for investors, for Nigeria, and for Africa.”
The GTL facility is expected to convert natural gas into liquid fuels such as synthetic diesel, naphtha and base oils. These products can be transported and stored more easily than raw gas. The ammonia-urea complex is intended to support agriculture by increasing local fertiliser supply and reducing dependence on imports.
Nigeria remains one of Africa’s largest importers of urea fertiliser despite holding large gas reserves. At the same time, gas flaring and underuse continue to limit the economic return from domestic resources. Tetracore said its projects are designed to address these gaps by processing gas locally, supporting industrial employment, and contributing to non-oil exports.
The company said development will follow a phased structure, covering feasibility studies, engineering, construction and commissioning, with attention to regulatory compliance and financial discipline at each stage.
Tetracore Energy Group operates across gas delivery, compressed natural gas, power generation and energy infrastructure in Nigeria and other African markets. The new projects are being advanced through joint ventures, with Tetracore as lead sponsor alongside financial and strategic partners. The company is seeking up to US$850 million in combined equity and long-term debt financing, targeting development finance institutions, commercial lenders and infrastructure investors.
According to the company, the projects align with the Federal Government’s gas-led industrialisation plans and food security goals, while supporting regional development and skills transfer.
“Given the much needed energy and food security in Africa, we simply have no choice but to accelerate value addition to our abundant Natural gas resources,” Dr Williams said. “That is the future we are building towards.”
