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Oyetola Flags off Osun Ethanol Bio-Refinery Factory

BioRefineries/Renewable Fuel Production, Business News/Analysis, Feedstocks, Field/Orchard/Plantation Crops/Residues, Funding/Financing/Investing, Nigeria
September 23, 2020
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(The Paradigm) Osun State Governor Adegboyega Oyetola has flagged off the construction of Osun Ethanol Bio-Refinery Factory situated at Ayekale, along Egbeda-Iragbiji road, Iragbiji, Osun State. Laying the foundation of the factory on Thursday, Oyetola said his administration was poised to deliver the benefits of democracy.

…

He expressed confidence in the factory’s ability to complement the government’s efforts at resuscitating the ailing economy of the state and deliver prosperity to the people.

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“Coming shortly after the harsh economic realities occasioned by the Coronavirus pandemic, this flag-off is an indication that our strategy for the delivery of economic prosperity has begun to yield good returns and a sign of the good things to come. We have no doubt that Osun Ethanol Bio-Refinery Factory will open a window of investment opportunities for the State.

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When completed, the Osun Ethanol Bio-Refinery Factory will be operating on over 21 hectares of land conceded to it as equity. Also on a full operation, it is estimated that it will attract about USD70m to the State and generate 10,000 jobs.

The product, ethanol, is one of the safe energy sources the world is turning to as a measure of preventing global warming. It would be converting cassava to ethanol, thus empowering thousands of persons in the chain of planting, harvesting, transporting and processing cassava to ethanol and marketing a final product that is hot in today’s world pharmaceutical and energy market.  READ MORE

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BioRefineries/Renewable Fuel ProductionCassavaethanol/bioethanolgovernment investmentNigeriasupply chainvalue chain
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