In order to construct a 700-ton-per-day micro LNG project in Nigeria, the BUA Group and the international energy equipment manufacturer CIMC ENRIC have entered into a partnership agreement.
The signing ceremony was held on Monday, December 18, 2023, at the company’s Lagos headquarters, according to a release from the BUA Group.
The group’s commitment to sustainable energy in Nigeria and its foray into the energy sector with this partnership mark a major milestone.
In keeping with its short- and long-term ESG commitments and sustainability initiatives, the conglomerate will continue to adopt greener energy sources nationwide, according to a pledge made by BUA Group Chairman Abdul Samad Rabiu.
Although the BUA Group now relies heavily on gas as a fuel for its more than 1,000 MW of captive power plants, he said that the small LNG project will increase the year-round availability of cleaner energy, thereby meeting the group’s power needs.
“We are excited about the prospects of this project and look forward to a fruitful collaboration with CIMC ENRIC.”
According to ThisDay, the agreement supports Nigeria’s strategy to diversify its energy commitments by highlighting the project’s anticipated influence on the regional energy landscape.
According to Rabiu, the business is still dedicated to making investments in cutting-edge infrastructure, technology, and advantages for its host communities and activities.
With a wide range of holdings in cement, sugar, real estate, construction, energy, oil and gas, rice, port operations, and logistics, BUA Group is one of Nigeria’s largest conglomerates in the food, mining, manufacturing, and infrastructure sectors.