The BUA Group said it has commenced the development of a 700-ton-per-day (700TPD), 45mmscf Mini-LNG Plant in Kogi State, with a groundbreaking ceremony held in Ajaokuta, Kogi State.
Speaking at the event, the Founder/Executive Chairman of BUA Group, Abdul Rabiu, said: “This LNG plant, which we are doing the groundbreaking today, upon completion, will ensure that BUA’s captive power plants are provided with much-needed gas with limited supply downtime, thus enhancing our production and manufacturing capacity while positioning BUA to be fully integrated into the value chain of our energy supply operations.”
He stated that the project is a win-win for Nigeria and is in line with President Bola Tinubu’s vision and promoting gas usage for cleaner energy.
NNPC will provide critical gas feedstock for a 10 per cent stake in the plant, and BUA will provide 100 per cent financing while driving execution.
This is a testament that public-private partnerships under the right government policies can deliver transformative results.
He added that the BUA LNG plant will ensure cost efficiency, supply stability, and sustainability for its operations while reinforcing Nigeria’s industrial future.
The plant, located in Ajaokuta, will be sited on a land area of about 16 hectare and primarily serve BUA’s captive power plants across its manufacturing businesses in the country and provide gas for other uses within Nigeria. This Rabiu explained, is geared towards operational efficiency in alignment with the national energy transition initiative.
The GCEO NNPC, Mele K. Kyari, in his speech stated that it is rightly timed to have these 5 mini-LNG plants in Kogi State of which BUA LNG is one, considering its strategic location at the crossroads of Nigeria’s North and South, in Ajaokuta, Kogi State.
Credit: thenationonlineng.net