In order to develop sustainable biofuels in Nigeria, the Nigerian National Petroleum Corporation (NNPC), has signed a Memorandum of Understanding (MoU) with Nigeria-Chinese consortia. The move, according to a statement by NNPC, will enable the building of not less than ten large biofuels complexes across the country.
The two separate MoUs on the biofuels project development signed were between: NNPC and the OBAX-COMPLANT Consortium on one hand and NNPC and the CAPEGATE-NANNING Consortium on the other hand.
In the released statement, it was gathered that the pacts were signed during a ceremony held in Beijing on the sidelines of the Forum for China-Africa Cooperation (FOCAC) Summit.
Speaking on the signing of the MoUs, 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 added.
Nairametrics had earlier reported that the China National Petroleum Corporation’s pledged support for NNPC’s $2.8 billion Ajaokuta-Kaduna-Kano (AKK) pipeline project.
The Assistant President and Board Member of the corporation, Wang Shihong assured NNPC’s Group Managing Director (GMD), Dr. Maikanti Baru that CNPC remains committed to securing funds for the successful implementation of the pipeline project.
The AKK gas pipeline project which is described as the single biggest gas pipeline in the history of oil and gas operations in Nigeria is expected to enable connectivity between the East, West and Northern region of the country.
The project which cost about $2.8 billion, would also enable gas supply and utilisation to key commercial centres in the Northern corridor of Nigeria.