The Nigerian National Petroleum Corporation (NNPC) is preparing to build a bioenergy complex in the state of Kogi to produce 84 million litres of ethanol fuel per year and 64 MW of energy.
On Tuesday, NNPC entered into a memorandum of understanding (MoU) with the state government that would lead to the creation of a special purpose vehicle (SPV) for the project. The scheme calls for the construction of a cane mill and a raw and refined sugar plant with an annual production capacity of 126,000 tonnes.
The project will also include a carbon dioxide (CO2) recovery and bottling facility with a capacity of 2,000 tonnes per year.
Maikanti Baru, group managing director of NNPC, commented that the project is expected to generate carbon credits under the Clean Development Mechanism (CDM).