Japanese Nano Technology Company, is to establish a plant in Ghana to produce Nano fibre for oil and gas and medical cleaning.
The company is to partner with Waste Management companies to collect plastic waste generated as a raw material for the production of the nano fibre.
Nano fibre made from plastics is used for cleaning spillages in oil and gas and petroleum industries and for cleaning of hospitals as well as cultivation of crops.
Chief Executive Officer and President of M-TechX Inc, Hiroyoshi Sota announced this in Accra, when he led a delegation to pay a courtesy call to the CEO of Ghana Standards Authority (GSA), Professor Alex Dodoo.
As part of processes that will lead to the setting up of the factory, the GSA signed a Memorandum of Understanding with M-TechX Inc to begin the production of Nano fibre in the country.
M-TEchX is currently seeking certification and testing of its products to begin commercial production, which is expected to start in March next year.
Mr Sota said the company had built expertise through in-depth research into Nano Technology and is ready to embark on mass production.
He said the company decided to invest in Ghana and use the African country as a hub to enter other markets in the Sub-region due to the country’s political and economic stability. He also noted M-TechX’s objective to help industrialise the Ghanaian economy as part of the government’s industrialisation agenda and also to create jobs for the youth.
“We at M-TechX Inc think our decision to establish a plant for the production of Nano fibre is a real industrial revolution for Ghana,” Mr Sota said.
Commenting on the development, Mr. Joseph Bonney, Executive Director, M-TEchX said he was proud to woo the company into the country as it was possible for them to explore opportunities in other Asian markets.
He said the partnership would help to address the plastic waste menace facing the country, saying the Nano technology went beyond oil and gas sector and could be used in the real estate, agriculture and health industries.