NNPC signs MoU with Benue State on bio-fuels project

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While signing the MoU on the Bio-fuels Project with the Benue State Government, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, said the project would provide employment for the teeming youths in the state.

“I believe that Benue has what it takes to lead the country in the bio-fuels industry. I hope that your state will soon move from food basket to fuel basket of the nation,” Dr. Baru noted.

Earlier in his remarks, Deputy Governor of Benue State, Engr. Benson Abounu, said his state was happy with the signing of the MoU, which he said was a watershed in the nation’s quest to find alternative sources of energy.

He pledged the support of the entire Benue citizens to the project, adding that various host communities for the project would give their 100% for its success.

The Agasha-Guma bio-fuels project aims at developing Integrated Sugarcane Plantation and Fuel-Ethanol/Sugar/Power Plant Complex in Benue State through a Special Purpose Vehicle (SPV).

Expected to create one million direct and indirect jobs for Nigerians on completion, the project will also produce about 84 million litres of fuel ethanol annually. NNPC plans to mobilize to Site by First Quarter of 2018.

 

Source: Press Release