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NNPC, Chinese Consortia Sign Pacts on Biofuel Development

BioRefineries/Renewable Fuel Production, Business News/Analysis, China, Funding/Financing/Investing, Nigeria, Opinions, Policy, Sustainability
September 5, 2018
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(The Guardian Nigeria) The Nigerian National Petroleum Corporation (NNPC) has signed memoranda of understanding (MoUs) with Chinese consortia to develop sustainable biofuels in the country.

At a ceremony yesterday in Beijing on the sidelines of the Forum for China-Africa Cooperation (FOCAC) Summit, the two pacts were signed between NNPC and OBAX-COMPLANT Consortium on one hand, and another involving the oil agency and CAPEGATE-NANNING Consortium.

Speaking at the event that held at the Nigerian Embassy in the Chinese capital, NNPC Group Managing Director, Dr. Maikanti Baru, explained that the agreements were aimed at implementing the Federal Government’s mandate on clean, alternative and renewable energy programmes, particularly automotive biofuel production nationwide.

…

According to the GMD, meeting and sustaining the target requires strategic investment in more than 10 large biofuels complexes across the federation.Noting that the execution of the two MoUs would help develop the first biofuel production complex in the country, the NNPC boss revealed that before the end of the year, the development of not less than three other facilities would commence nationwide.  READ MORE

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BioRefineries/Renewable Fuel ProductionChinaCOP21FinancingInvestingNigeriaParis AgreementSustainabilityTransportation Fuels Policy
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