NNPC signs MoU with Chinese companies to expand biofuel in Nigeria

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In Nigeria, the Nigeria National Petroleum Corporation signed an MoU with a consortium of Chinese companies to build biofuel plants in Nigeria. The plan is to increase the supply of biofuels in Nigeria and blend ethanol with gasoline. The agreement was part of the Forum for China-Africa Cooperation (FOCAC) Summit to increase biofuel projects in Nigeria.

Chinese firms China National Complete Plant Import Export Corp. (Complant) and Nanning will team up with two Nigerian companies to develop the biofuel complex, which is set to take off before the end of the year, NNPC told S&P Global.

“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,” NNPC Group Managing Director Maikanti Baru was quoted saying in the statement.