BUA Group has signed an agreement with CIMC ENRIC, a global leader in the energy equipment industry, in partnership with Axxela, to establish a 700-ton-per-day mini LNG project in Nigeria
This strategic agreement which marks a significant milestone in BUA Group’s expansion into the energy sector took place on Monday, at the BUA Group headquarters in Lagos, Nigeria.
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The Chairman of BUA Group, Abdul Samad Rabiu, said the BUA Group remains dedicated to utilising cleaner, energy-efficient sources for its operations across Nigeria in line with its short to long-term ESG commitments and sustainability initiatives.
He added that whilst BUA already utilizes gas as a major energy source across its over 1,000MW captive power plants for its operations across Nigeria, the mini LNG project upon completion, will enhance the all-year availability of cleaner energy and support BUA Group’s growing industrial power demands.
“We are excited about the prospects of this project and look forward to a fruitful collaboration with CIMC ENRIC and Axxela,” he added.
