Italy’s ENI offers help for Nigeria’s bio-fuel projects

0
659

The Italian government through one of its oil giants ENI has promised to support the Federal Government’s bio-fuel agenda.

Senior Technical Adviser to the Minister of State for Petroleum Resources on Refineries and Downstream Infrastructure, Engr. Rabiu Suleiman, disclosed this in an interview on the latest edition of NNPC News, a monthly publication of the Nigerian National Petroleum Corporation (NNPC).

Suleiman, however, said details of the support were still being work out.

Biofuel which is a type of fuel derived from plant, animal matter and waste can be in form of bioethanol (used as a replacement for petrol) and biodiesel (used as a replacement for diesel).

Nigeria is on the verge of reforming its biofuels policy as it has become exigent for the country to join the global search for better and cheaper energy sources.

Suleiman, in the interview, said that government has engaged interested investors who want to partner NNPC as a business to set up bio-ethanol, bio-diesel distilleries to be strategically located across some regions of the country.

He said some investors have passed through the NNPC management screening for the purpose of establishing an international joint venture.

 

SHARE
Previous articleFG to Release N2.1 trillion Second Tranche of Capital Expenditure
Next articleNigeria’s economy lost N534bn to electricity inefficiency in 2016
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.