Nigeria Invests in New Bioethanol Plant
December 6, 2017http://biofuels-news.com/display_news/13186/nigeria_invests_in_new_bioethanol_plant_as_it_diversifies_away_from_oil/
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Nigeria's state oil corporation has recently signed a memorandum of understanding (MoU) with the Kebbi State Government (KBSG) to build a bioethanol plant. The plant is expected to use cassava and sugarcane as a feedstock and produce 84 million liters of ethanol annually.
A range of benefits is expected to come from the project including creation of rural wealth, generation of at least 1 million direct and indirect jobs, co-generation of electricity to power the plant, and production of animal feeds and refined sugar. The project will also involve the development of 20,000 hectares of an integrated plantation and processing plant complex.
The Nigerian government is investing in biofuels as it aims to reduce its dependence on oil and diversify its economy.
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