LEGIT NG
The BUA Group has signed a partnership agreement with CIMC ENRIC, a global energy equipment manufacturer, to build a 700-ton-per-day mini LNG project in Nigeria.
According to a statement by the BUA Group, the signing ceremony took place in the company’s headquarters in Lagos on Monday, December 18, 2023
BUA plans to diversify into cleaner energy
The partnership is a significant step in the group’s expansion into the energy sector and its commitment to sustainable energy in Nigeria.
The BUA Group Chairman, Abdul Samad Rabiu, promised that the conglomerate will continue to use cleaner energy sources nationwide in line with its short-term and long-term ESG commitments and sustainability plans.
He said that while the BUA Group is already using gas as a critical energy source across its more than 1,000MW captive power plants, the mini LNG project will boost the all-year availability of cleaner energy, supporting the group’s demand for power.
