•  
  •  
  •  

Chinese consortia to participate in Nigerian biofuel projects

Photo by Steve Jurvetson (Flickr) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

September 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.

More stories to explore
Share this story
Tags
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription