- BUA Group uses gas as a major energy source across its over 1,000MW captive power plants in Nigeria.
- Upon completion, the mini LNG project will enhance the availability of cleaner energy all year and support the firm’s growing industrial power demands.
BUA Group, a food, mining, manufacturing, and industrial conglomerate in Africa, has signed an agreement with CIMC ENRIC, an energy equipment industry, in partnership with Axxela, to establish a 700-ton-per-day mini Liquefied Natural Gas (LNG) project in Nigeria. This strategic agreement, signed on Monday in Lagos, marks a significant milestone in the company’s expansion into the energy sector. It also reaffirms BUA’s commitment to sustainable energy solutions across its business operations.
Speaking on this landmark project, the chairman of BUA Group, Abdul Samad Rabiu, said the firm remains dedicated to utilising cleaner, energy-efficient sources for its operations across Nigeria. This aligns with its short to long-term ESG commitments and sustainability initiatives. Upon completion, the mini LNG project will enhance the availability of cleaner energy all year and support the firm’s growing industrial power demands.
The chairman, stressing that BUA already utilises gas as a major energy source across its over 1,000MW captive power plants for its operations across Nigeria, added, “We are excited about the prospects of this project and look forward to a fruitful collaboration with CIMC ENRIC and Axxela.” Furthermore, the agreement was signed by management representatives of BUA Group, CMIC ENRIC and Axxela Group, underscoring the project’s anticipated impact on the regional energy landscape in line with Nigeria’s push to diversify its energy commitments.