In a groundbreaking move, the Beijing Zhogmin Xinjunlong New Energy Technology Company Ltd. from China and Nigeria’s NIGUS International have inked a historic $1 billion deal aimed at eradicating gas flaring in Nigeria while propelling the nation into the realm of sustainable green energy production.
The pivotal agreement was lauded by HRH Malik Ado Ibrahim, CEO, and Chairman of NIGUS, who expressed the primary objective of assimilating cutting-edge technology from the Chinese partner to convert flared gas into a commercially viable resource. This groundbreaking technology is set to usher in Gas-to-Liquid (GTL) processes, producing synthetic diesel that will invigorate Nigeria’s energy matrix. Additionally, it will facilitate the creation of Liquefied Natural Gas (LNG) for export and Liquefied Petroleum Gas (cooking gas), marking a significant leap towards a cleaner and more sustainable energy landscape.
At the core of this collaboration lies the GTL technology, a revolutionary process that transforms natural gas—the cleanest burning fossil fuel—into high-quality liquid fuels such as gasoline, jet fuel, and diesel. Speaking at the agreement signing, HRH Malik Ado Ibrahim emphasized the transformative potential of this venture in curbing Nigeria’s carbon footprint and addressing the alarming statistic that currently sees 90% of the nation’s produced gas being flared, a wasteful practice that this partnership aims to rectify.
“The joint venture is a strategic alliance between NIGUS, a renewable energy company, and cutting-edge technology that empowers us to usher in a clean climate economy in Nigeria. This initiative aims to extract value from what is presently squandered, channeling it into the generation of more affordable and environmentally friendly energy solutions,” stated HRH Malik Ado Ibrahim.
By leveraging this symbiotic collaboration, both nations are poised to revolutionize the energy sector, not only curbing environmental degradation but also fostering economic growth through the creation of a more efficient and sustainable energy infrastructure. The agreement not only marks a significant milestone for Nigeria but also serves as a testament to the global imperative of adopting innovative solutions to address pressing environmental challenges.
