Sign MoU on Fuel-Ethanol Project to Create 2 Million Jobs…

The Nigerian National Petroleum Corporation (NNPC) and the Kogi State Government have executed a Memorandum of Understanding for the development of fuel-ethanol processing plant that would produce 84 million litres of bio-fuel per year.

Speaking during the signing of the MoU today in Abuja, the Group Managing Director of the NNPC, Dr. Maikanti Baru, said the project would yield a cane mill and a raw and refined Sugar Plant of 126,000 tonnes annually.

He stated that the Bagasse co-generation Plant would also generate 64 Megawatts of power, stressing that the plant would include a carbon dioxide recovery and bottling plant with capacity of 2,000 tonnes per year.

“The Sugarcane Feedstock Plantation would be on a 19,000 hectares and it would produce animal feeds of 63,000 tonnes per year.

Dr. Baru said NNPC was pleased to know of another opportunity in the Alape Staple Crop Processing Zone (SCPZ), in Kogi State which is a vast Agro Allied business opportunity that provides suitable agronomics for the cultivation of Sugarcane, Cassava and Oil Palm.

He stated that discussions had been held with the various parties and stakeholders on the Kogi Biofuels Project on the modality for the implementation, adding that Agreements had been reached on the first stage of the project, starting with the signing of an MoU.

Dr. Baru said the signing of the MoU would lead to the formation of a Special Purpose Vehicle (SPV) to steer the future activities of the proposed project, stressing that the project is central to the attainment of economic development on the basis of value-added investment portfolios, environmental sustainability, climate change mitigation, wealth and job creation to reduce the poverty index, while balancing the ecosystem, and maintenance of national and global security.

GMD said the execution of the MoU was a milestone in the Government’s determination to diversify the economy and at the same time compliment Nigeria’s effort in meeting with the growing energy demand.

He said: “NNPC is committed to implementing Nigeria’s Nationally Determined Contribution (NDC) under the Paris Agreement aimed at combating global Climate Change, to which President Muhammadu Buhari signed, and deposited Nigeria’s “Instrument of Ratification” to the United Nations Framework Convention on Climate Change (UNFCCC) in May 2017.”

The NNPC helmsman stated that the Renewable Energy Division of NNPC was created in line with Federal Government’s directive with the sole aim of Industrialising Agriculture in Nigeria through the commercial production of biofuels from selected energy crops as feedstock, while fostering the exploitation of other Renewable Energy Sources.

He added that the project would mitigate against the negative effect of climate change and earn Nigeria Carbon credits from Clean Development Mechanism Projects activities, serving as additional line of profitable business for NNPC, including food production and power generation.

Dr. Baru noted that the project would lead to increased diversification of NNPC’s business portfolio and serve as a credible source of additional income for the corporation.

The GMD envisaged that the proposed NNPC Biofuels project in Kaba/Bunu, Kogi State would be an integrated feedstock plantation and process plants complex on a land mass of 20,000 hectares for sugarcane and or 15,000 hectares for cassava with potentials for further expansion.

Dr. Baru explained that NNPC had carried out seven bankable feasibility studies which include three (3) integrated sugarcane fuel ethanol projects in Benue, Kebbi and Gombe States, two (2) integrated cassava fuel ethanol projects in Ondo and Anambra States and two (2) integrated oil palm biodiesel projects in Rivers and Cross River States.

In his remarks, Kogi State Governor, Alh. Yahaya Bello, said the MoU was another milestone in the history of the state, stressing that the project would take not fewer than two million citizens of the state out of the street.

He applauded President Muhammadu Buhari and the GMD, Dr. Baru, for their doggedness to diversify the Nigerian economy, adding that the state was ready to provide all the needed support for the take-off of the project.

Highpoint of the ceremony was the signing of the agreement between the Governor and the GMD of NNPC.

SOURCE: https://brandspurng.com/nnpc-kogi-to-produce-84-million-litres-of-bio-fuel/

good......nice one




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"...To produce...."
Story for the gods!

Interesting

I don't take headlines with words like this serious anymore... To produce, Signs MoU, Will, Plans, Inaugurates, Working towards...




They've been signing and planning on Oil and Power since 1999 and where has that gotten us?

EXCELLENT IDEA!

Finally, someone in NNPC has received some sense.

Next step...be like Brazil, mix it with fuel

Niger delta oil is of no use anymore. We will soon discover oil in the Chad basin and Lagos is now an oil producing state. Only the south east has no drop of oil shame

Ordinary petrrol they not fit produce they are now talking about bio fuel !!

This is not right. Who advised Bello to be this sensible or was it some kind of mistake? Not typical of him.

Let them produce it first.

He did not plant single stand of cassava or or sugar cane,but building mansion,owe workers ,is it from his cattle colony he will produce biofuel cheep political talk.

Cromcruach91:
EXCELLENT IDEA!

Finally, someone in NNPC has received some sense.

Next step...be like Brazil, mix it with fuel

You're Nigerian and still scammable? Ah ahn wisen up na

woe unto any Nigerian that believes any ".... To do...." Statements from any govt. either fed, state or local.

You mean the Kogi that I know!..........Issokay.Grabs Popcorn and looks on

Let's see the end of Movie

Nice one Buhari!... #buhari_2019

hmm

MoU.... na today?

Dream of yesterday. Story! Someone please tell APC that propaganda is no longer working. Buhari travels to China, Buhari signs MOU worth 5billion solar with China. How far? Rubish

Nairalanddist:
Niger delta oil is of no use anymore. We will soon discover oil in the Chad basin and Lagos is now an oil producing state. Only the south east has no drop of oil shame

see your mentality in 2018...

You need a brain reset..

Future tense.. Until it been actualize. Nigerian politics hav to do with proof.

Nairalanddist:
Niger delta oil is of no use anymore. We will soon discover oil in the Chad basin and Lagos is now an oil producing state. Only the south east has no drop of oil shame

on you

Mouth action

[s]

Nairalanddist:
Niger delta oil is of no use anymore. We will soon discover oil in the Chad basin and Lagos is now an oil producing state. Only the south east has no drop of oil shame

[/s]
That is the oil feeding you and your family not some imaginary oil in the desert.

Why can't they concentrate on their oil and leave Niger Delta oil alone?

muhammed50:
Nice one Buhari!... #buhari_2019

so u still crave for old man as a president when you have people younger than him with 15 to 20 years age diffrence.

Atouke:
"...To produce...."
Story for the gods!

The gods of your father's house abi ?

Only if Memorandum if Understanding can equate Memorandum of completion

Should we expect it before 2018 ends? Doubt any statement that has 'TO' especially from government quarters.

Oh My goodness!
Which kind of leaders do we have in this country? They don't have foresight at all. Why must we go into bio with these agricultural products (sugarcane, oil palm and cassava), we need aboundance of food and not aboundance of fuel, who fuel help?
Except the hectare of farmland will provide sufficient raw material for all year round production and they will not require to buy from local farmers, if not all these crops will no longer be available for people to consume rather, everyone will want to sell them for fuel purpose...
Nigeria think! We don't have these crops in excess that we can think of making bio fuel from them.
#FoodFirst

I don't see any good news from this when the Ajaokuta iron and steel is in a rotten stage, we don't need new ones yet, we need to repair the damaged ones

Why am I not impressed? Ohhh cus I hear dev everyday and its only by d book , oh sorry by d hand that wrote it. Nonsense