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BUA Group, one of Africa’s largest foods, mining, manufacturing and industrial conglomerates, has signed a partnership agreement with CIMC ENRIC, a global leader in the energy equipment industry, to establish a 700-ton-per-day mini LNG project in Nigeria at a signing ceremony which took place on Monday, December 18, 2023, at the BUA headquarters in Lagos, Nigeria.
This strategic partnership marks a significant milestone in BUA Group’s expansion into the energy sector and reaffirms its commitment to sustainable energy solutions across its business operations.
Speaking on the landmark project, Chairman of BUA Group, Abdul Samad Rabiu, said that BUA 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 utilises 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 all-year availability of cleaner energy and support its growing industrial power demands. “We are excited about the prospects of this project and look forward to a fruitful collaboration with CIMC ENRIC,” he added.
The agreement was signed by management representatives of BUA and CMIC ENRIC, underscoring the project’s anticipated impact on the regional energy landscape in line with the Nigerian government’s push to diversify its energy commitments.
BUA Group remains committed to investing in cutting-edge technology and infrastructure that benefits not only its operations but also the communities it serves.
