Tuesday, November 12, 2024
av1tvnews@gmail.com
Economy

Dangote Cement Invests $280 Million in CNG Technology and Infrastructure

Leading the Charge in Sustainable Energy Solutions

In a bold move to embrace sustainable energy and reduce operational costs, Dangote Cement Plc has announced a significant investment of over $280 million in Compressed Natural Gas (CNG) technology and infrastructure.

This initiative aligns with President Bola Ahmed Tinubu’s vision to enhance the nation’s energy sector through cleaner and more efficient fuel alternatives.

The investment will focus on the development of a comprehensive CNG supply chain, including the construction of refueling stations and the acquisition of specialized trucks designed to operate on natural gas.

This strategic shift not only aims to lower greenhouse gas emissions but also positions Dangote Cement as a leader in the drive towards sustainable industrial practices in Nigeria.

According to a company spokesperson, the transition to CNG is expected to significantly reduce fuel costs and improve overall operational efficiency.

This move reflects a broader commitment by Dangote Cement to invest in innovative technologies that support both economic growth and environmental stewardship.

As part of the initiative, Dangote Cement will collaborate with local and international partners to ensure the successful implementation of CNG infrastructure across its operations.

The project is anticipated to create numerous job opportunities and stimulate growth in the local economy.

With this investment, Dangote Cement not only enhances its competitive edge but also contributes to Nigeria’s energy diversification efforts, paving the way for a greener future.

 

Vivian Akinyosoye
Vivian Akinyosoye is a seasoned journalist with a background in English Language and a Masters degree in International Law & Diplomacy. She officially began her career in journalism when she joined Channels Television Lagos Nigeria in 2000. Her work in Channels allowed her to hone her skills as a journalist laying a solid foundation for a successful career as a versatile reporter covering Human angle stories, Health, Aviation, Metrofile, Travels, Business and Finance. She served as State House Correspondent Abuja in her early years with Channels TV and has trained at the London Academy for Film, Media and TV. She also served briefly with Silverbird Television Lagos Nigeria before joining African Voices 1 Network Intl (AV1 News) where she currently serves as Lead Editor, Business & Finance.

Leave a Reply