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Feb 22, 2019 18:29 CESTSeptember 5 (Renewables Now) - The Nigerian National Petroleum Corporation (NNPC) plans to realise several biofuel projects at home with the help of Chinese companies, it was announced on Wednesday.
NNPC has signed a couple of memoranda of understanding (MoU) in China on the sidelines of the ongoing Forum for China-Africa Cooperation (FOCAC) Summit. One of the pacts is with China National Complete Plant Import & Export Corporation, also known as Complant, while the other is with Nanning. Two other Nigerian companies are also involved.
According to NNPC’s managing director, Maikanti Baru, the two MoUs are expected to help develop the country’s first biofuel production facility. Baru has noted that by the end of the year the development of at least three other complexes would be initiated.
The projects should help Nigeria fulfill its nationally determined contributions to the Paris Agreement. This includes the requirements for blending 10% by volume of fuel-ethanol in gasoline and 20% by volume of biodiesel in automotive diesel for use in the transportation sector.
Goldwind posts 14.3% rise in prelim revenues for 2018
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