BUA Group’s Collaboration with CIMC Enric and Axxela Group to Establish 700 Tons per Day Mini LNG Project in Nigeria

BUA Group, a prominent conglomerate in Africa, has formally announced a partnership with CIMC ENRIC and Axxela Group to construct a 700-ton-per-day mini LNG project in Nigeria. The agreement was formalised at a signing ceremony held at the BUA Group headquarters in Lagos, Nigeria, on Monday, December 18, 2023.

This collaboration signifies a significant strategic move for BUA Group as it delves into the energy sector, reaffirming its dedication to sustainable energy solutions within its business operations. Abdul Samad Rabiu, the Chairman of BUA Group, articulated the company’s commitment to embracing cleaner, energy-efficient sources for its operations in Nigeria, in line with its environmental, social, and governance (ESG) commitments and sustainability initiatives. He underscored that the completion of the mini LNG project would contribute to the availability of cleaner energy, meeting BUA Group’s industrial power needs.

The signing of the agreement by management representatives of BUA Group, CMIC ENRIC, and Axxela Group underscores the anticipated impact of the project on the regional energy landscape and aligns with the Nigerian Government’s efforts to diversify its energy portfolio. This initiative mirrors BUA Group’s ongoing dedication to investing in advanced technology and infrastructure that not only benefit its operations but also the communities it serves.

As a leading conglomerate in Africa with diverse interests in sectors including cement, sugar, real estate and construction, oil & gas, energy, rice, port operations, and logistics, BUA Group is positioned to set new industry benchmarks in sustainability and innovation, renowned for its high-quality products and commitment to service excellence.

CIMC ENRIC, a global leader in the energy equipment industry, specialises in the design, production, and servicing of equipment used in the liquid natural gas, liquid chemical, and cryogenic storage, and transportation sectors.

This partnership between BUA Group, CIMC ENRIC, and Axxela Group reflects a collective effort to promote sustainable energy solutions and enhance the energy landscape in Nigeria, serving as a testament to the companies’ shared commitment to driving positive change through innovative and environmentally responsible initiatives.