BUA Group Signs Agreement for 700-Tons-Per-Day Mini LNG Project in Nigeria

The esteemed BUA Group, a significant player in Africa’s food, mining, manufacturing, and industrial sectors, has forged a partnership with CIMC ENRIC and Axxela to establish a 700-ton-per-day mini LNG project in Nigeria. The signing of the agreement, held at a ceremony in Lagos, underscores BUA Group’s strategic entry into the energy sector and its steadfast commitment to sustainable energy solutions across its operations.

Abdul Samad Rabiu, the chairman of BUA Group, conveyed the company’s dedication to employing cleaner, energy-efficient sources for its operations in Nigeria. This aligns with BUA’s environmental, social, and governance (ESG) commitments and sustainability initiatives. Highlighting BUA’s current use of gas as a primary energy source, particularly across its 1,000MW captive power plants, Rabiu emphasized the project’s potential to ensure year-round availability of cleaner energy and support the company’s growing industrial power needs. He also expressed enthusiasm about the collaboration with CIMC ENRIC and Axxela for the mini LNG project.

The signing of the agreement by senior executives of BUA Group, CMIC ENRIC and Axxela Group reflects the anticipated impact of the project on the regional energy landscape. It also aligns with the Nigerian Government’s efforts to diversify its energy commitments.

BUA Group’s commitment to investing in advanced technology and infrastructure is not only aimed at benefiting its operations, but also the communities it serves. This foray into the energy sector is a strategic move that not only contributes to BUA Group’s growth but also supports Nigeria’s energy diversification goals.