Thursday 5 January 2012

Ethanol deal worth €2 billion signed by Nigerian Government

The Nigerian government has signed a deal with Global Biofuels to build 15 biofuel plants in Nigeria, costing about N414 billion (€2.02 billion). The planned project will create about 120,000 jobs and will supply 15 states with 30MW from each biofuel plant. Construction is due to begin within the next few months and should be complete in about a year, Global Biofuels is a local biofuel producer. The Nigerian minister of trade and investment, Olusegun Aganga, "says the project has been researched over a number of years and feasibility and market studies had already been carried out on the proposed developments". Read more ...
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