Nigeria's Nigus International has inked a $1 billion deal with Chinese firm Beijing Zhogmin Xinjunlong New Energy Technology Co. Ltd to address gas flaring in Nigeria. The agreement, signed in Abuja, aligns with the national directive from the President and aims to integrate cutting-edge technology for converting flared gas into commercial products. Nigus, a renewable energy company, plans to utilize innovative technology to generate Gas-to-Liquid products, including synthetic diesel, Liquefied Natural Gas for export, and Liquefied Petroleum Gas. This collaboration is a significant step toward carbon neutrality and fulfilling the president's vision for utilizing flared gas.
The joint venture emphasizes modern, state-of-the-art technology, demonstrating a commitment to creating wealth and lower-cost energy in Nigeria. The project, driven by Nigus and Beijing Zhogmin Xinjunlong New Energy Technology Co. Ltd, reflects a paradigm shift in utilizing flared gas efficiently. The CEO of the Chinese firm affirmed its readiness to mobilize technical teams and equipment for the successful implementation of the project, highlighting the preparedness for this impactful partnership.