NNPC, Chinese Consortia Sign MoUs on Biofuels Production

Posted On September 5th, 2018 - 10:40 am | by Oil and gas press

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with Nigerian-Chinese consortia towards developing sustainable biofuels in the country.

In a ceremony held at the Nigerian Embassy in Beijing on the sidelines of the ongoing Forum for China-Africa Cooperation (FOCAC) Summit Tuesday, two separate MoUs on the biofuels project development were signed between: NNPC and the OBAX-COMPLANT Consortium on one hand and NNPC and the CAPEGATE-NANNING Consortium on the other hand.

Speaking shortly after signing the dotted lines on behalf of the corporation, NNPC Group Managing Director, Dr. Maikanti Baru, said the MoUs signing was aimed at implementing the Federal Government’s mandate on clean, alternative and renewable energy programmes, particularly automotive biofuels production nationwide.

“The aspiration for the exploitation of renewable fuel resources in Nigeria is to implement our nationally determined contributions to the Paris Agreement; part of which requires the blending of 10% by volume of fuel-ethanol in gasoline and 20% by volume of biodiesel in automotive gas oil (diesel) for use in the transportation sector,” Baru stated.

He added that for a country like Nigeria with a daily consumption of over 65million litres of automotive fuels, it was easy to see that enormous volumes of fuel-ethanol and biodiesel would be needed to meet this obligation.

According to the GMD, meeting and sustaining the target requires strategic investment in more than ten (10) large biofuels complexes across the country.

Source / More : Nigerian National Petroleum Corporation (NNPC)

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