The company would partner Waste Management companies to collect the 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 the oil and gas and petroleum industries and for cleaning of hospitals as well as cultivation of crops.
The Chief Executive Officer (CEO) of and President of M-TechX Inc, Hiroyoshi Sota announced this in Accra, when he led a delegation to pay a courtesy call on the CEO of Ghana Standards Authority (GSA), Professor Alex Dodoo.
The GSA had 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 ready to embark on mass production.
He said the company decided to invest in Ghana and use the country as a hub to enter other markets in the Sub-region due to the country’s political and economic stability and the objective of M-TEchX was 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 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.
Mr Bonney said the company was putting strategies in place to export the nano plastics, which would be produced in the country to other parts of the world. “The establishment of the Nano fibre plant in Ghana would help in technology transfer and create jobs for the youth,” he said.
The Director-General of GSA, Prof Doodo said the project was in line with the government’s vision to partner and support the private sector to create jobs for the teeming unemployed youth.
“In the current knowledge and technological economy, we in Ghana need quality and high paying jobs for our youth,” he said.
Prof Doodo said the production of the nano fibre would help the country to tackle oil spillage and also help to control fire at filling stations, adding that the nano fibre would help address the current arrangement where filling stations used sand to control fire in times of fire at the stations.
He pledged that the GSA would support the company to educate Ghanaians on the benefits of nano technology.
Members of the delegation included; Naoto Nikai, advisor of M-TechX Inc and former Japanese Ambassador to Ghana, the Executive Director of the company, Joseph Bonney and Terry Owusu Agyei, Business Development Director in charge of the African Region.