Italy’s ENI may invest in Nigerian biofuels industry

October 3, 2017 |

In Nigeria, Italy’s ENI is one of the potential international investors interested in setting up a joint venture with the Nigerian National Petroleum Corporation to develop domestic biofuel production. The move is in line with the national strategy to wean itself off of petroleum products as it primarily exports crude and imports refined products. Though both ethanol and biodiesel are planned under the national program, it isn’t clear yet what ENI’s role will be or what kind of production it is likely to support.

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