Nigeria: Ethanol Project – Global Recognition for Country

There is no doubt that Nigeria is blazing the trail in renewable energy sector, which ethanol is the final product. The initiative is to stem the effect of global warming, which has become a matter of serious concern dominating local and foreign discourse. Interestingly, a Nigerian company is already making waves in this important sector, which is big business in developed countries of the world. Enormous resources abound in this sector, which in future has the potentials for productive investments for economic growth and development in large scale.
The Global Biofuels Limited, the first biofuels refinery in Nigeria, endorsed by the Nigerian National Petroleum Corporation (NNPC), is the company facilitating biofuels production in Nigeria. The company’s investments in ethanol projects have earned Nigeria international recognition. For instance, a reputable international organisation popularly known as Frost and Sullivan honoured Global Biofuels recently for its commitment to being a green energy company in Nigeria. Also, the company received yet another international recognition from African Business Owners Forum recently in Washington D.C.

Moreso, the company’s choice of sweet sorghum as its feedstock has generated so much interest in the advanced countries as the feedstock is unique in the sense that it does not compete with the food chain in any way. Interestingly, the discovery of this exceptional feedstock has compelled developed economies like America and China to sign huge contracts to carry out in-depth research on the use of sweet sorghum by the Nigerian company.

Reacting to the international honour, the Group Managing Director and Chief Executive Officer of Global Biofuels, Dr. Felix Babatunde Obada, said investment in ethanol projects has given Nigeria international recognition as Global Biofuels recently emerged the first bio-fuels company in the whole sub-Saharan Africa. “The Frost and Sullivan award for emerging company is presented to the company that has emerged as a significant participant within its industry. Global Biofuels is perceived to have exhibited outstanding superior market growth, ability to combine technology and successful strategic initiative in renewable energy sector,” he said.

AllAfrica