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NNPC to invest in ethanol project in Kebbi state

NNPC To Invest In Ethanol Project In Kebbi State

The Nigerian National Petroleum Company (NNPC), has concluded plans to invest in the production of Ethanol, an organic compound used as automobile fuel, in Kebbi State, Leadership reports.

An official from the NNPC, Mr. Talson Begen, who led a delegation to the state stated this to journalists shortly after meeting the Kebbi State Governor, Senator Abubakar Atiku Bagudu on the project at the Government House in Birnin Kebbi. He said that the visit to Kebbi State was the second one and has afforded them the opportunity to visit sugar cane producing areas in the state such as Kola, Raha, Zuru and Bagudo with a view to engaging with farmers on the project.

According to him, the project which has the capacity of creating 1 million new jobs in Kebbi is a venture that will involve private investors, with Kebbi State Government expected to provide the land and the NNPC expected to control 30% equity in the project. “The project is private sector driven and is expected to start in the next 18 months. It is also expected that the project will boost agriculture in the state because of extraction of ethanol from sugarcane as fuel for cars,” he said.

The post NNPC to invest in ethanol project in Kebbi state appeared first on Energy News | Oil and Gas News.



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NNPC to invest in ethanol project in Kebbi state

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