Dangote Invests $280m in CNG Tech for Sustainable Energy

Bizbooq

Bizbooq

October 28, 2024 · 2 min read
Dangote Invests $280m in CNG Tech for Sustainable Energy

In a significant move towards a low-carbon economy, Dangote Cement Plc has invested $280 million in compressed natural gas (CNG) technology and infrastructure. This investment aligns with President Bola Ahmed Tinubu's CNG Initiative, which aims to provide sustainable and affordable energy solutions in Nigeria.

The company plans to transition its entire fleet to CNG by mid-2026, with the acquisition of 100% CNG trucks. This move marks a major milestone in Dangote's clean energy transition, with the goal of operating the majority of its fleet on CNG by 2026.

To support this initiative, Dangote has established a CNG station in Obajana, capable of refueling over 3,000 trucks, and another station is under development in Ibese. This investment not only supports Nigeria's Nationally Determined Contribution (NDC) under the Paris Agreement, which targets net-zero emissions by 2060, but also sets a precedent for sustainable energy solutions in Africa.

This development is significant for the tech and startup community, as it highlights the growing importance of clean energy and sustainable solutions in Africa. The investment in CNG technology and infrastructure demonstrates the potential for innovation and growth in the energy sector, and may inspire other companies to follow suit.

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