Caption: From left, Gary Peng, Director, CIMC ENRIC; Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group, and Mobolaji Osunsanya, Managing Director, Axxela Group, earlier on Monday, December 18, during the signing ceremony of the 700 Tons Per Day Mini LNG Project at the BUA Group Headquarters in Lagos.
BUA Group, one of Africa’s largest foods, mining, manufacturing, and industrial conglomerates, on Monday made a grand entry into the energy sector with the signing of a deal to establish a 700-ton-per-day mini LNG project in Nigeria at its Lagos, Nigeria headquarters in partnership with CIMC ENRIC, a global leader in the energy equipment industry.
The strategic partnership, BUA said in a statement, marks a significant milestone in its expansion into the energy sector, besides reaffirming a commitment to sustainable energy solutions across its business operations.
Speaking on this landmark project, Chairman of the group, Abdul Samad Rabiu, stressed BUA’s commitment to utilising cleaner, energy-efficient sources for its operations across Nigeria in line with its short-to-long term ESG commitments and sustainability initiatives.
Whilst BUA already utilizes gas as a major energy source across its over 1,000MW captive power plants used for its operations across Nigeria, he noted that the mini LNG project upon completion, will enhance all-year availability of cleaner energy and support BUA’s growing industrial power demands.
According to him, “we are excited about the prospects of this project and look forward to a fruitful collaboration with CIMC ENRIC.”
The agreement was signed by management representatives of BUA and CMIC ENRIC, underscoring the project’s anticipated impact on the regional energy landscape in line with the Nigerian Government’s push to diversify its energy commitments.
BUA Group, the group stressed, remains committed to investing in cutting-edge technology and infrastructure that benefits not only its operations but also the communities it serves.