BUA Group signs agreement to establish mini LNG Plant

BUA Group, one of Africa’s largest foods, mining, manufacturing, and industrial conglomerates, has signed an agreement with CIMC ENRIC, a global leader in the energy equipment industry, in partnership with Axxela, to establish a 700-ton-per-day mini LNG project in Nigeria.

The signing ceremony held at the BUA Group headquarters in Lagos, Nigeria.

The agreement forma part of BUA Group’s expansion into the energy sector and its commitment to sustainable energy solutions across its business operations.

Speaking on the project, the Chairman of BUA Group, Abdul Samad Rabiu, said that the Group 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 BUA Group’s growing industrial power demands.

“We are excited about the prospects of this project and look forward to a fruitful collaboration with CIMC ENRIC and Axxela,” he added.

The agreement was signed by management representatives of BUA Group, CMIC ENRIC and Axxela Group.

BUA Group hopes to impact on the regional energy landscape in line with the Nigerian Government’s push to diversify its energy commitments.