Nigeria and China Sign €7.6bn Deal for Green Hydrogen-Based Methanol Project
02.25.2025 By Tank Terminals - NEWS

February 25, 2025 [H2 View]- Representatives from China and Nigeria have agreed to develop a green hydrogen project under a €7.6bn ($7.9bn) agreement.

 

While details are limited, the project is set to be located within the Liberty Free Trade Zero (LFTZ) at Atabrikang in the Ibeno Local Government Area of Akwa Ibom State in Nigeria.

The agreement was signed in Uyo, Nigeria, over the weekend between the Federal Government, APPL Hydrogen Limited (AHL) and China’s LONGi Green Energy Technology.

Idara Ekpo, Chief Visionary Officer of AHL, revealed that the project will potentially produce 1.2 million tonnes of green hydrogen-based methanol per year for export, in addition to medical oxygen and food-grade CO2.

The Nigerian Minister of Innovation, Science and Technology, Chief Uche Nnaji, claimed the initiative represents a “significant step” in the nation’s decarbonisation journey.

Alhaji Bamange Usman Jada, the Managing Director of the Oil and Gas Free Trade Zone Authority, added, “[The project] will diversify Nigeria’s economy, encourage export, and help solve the issue of foreign exchange.

“It will lead to technology transfer, create massive employment for our people, and it is environmentally friendly and sustainable.”

Last month, the Energy Industries Council (EIC) highlighted that despite there being around 41 hydrogen projects set to enter development in Africa over the next five years, not one has reached a final investment decision (FID) yet.

EIC’s Africa OPEX Report underlined reliable offtake agreements, a comprehensive regulatory framework and resilient infrastructure as significant hurdles.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

The Hydrogen Stream: HyIron Starts Green Hydrogen Production in Namibia
03.25.2025 - NEWS
March 25, 2025 [PV Magazine]- HyIron said it has produced the first green hydrogen molecules at ... Read More
UK's Ithaca Energy to Acquire Japex's North Sea Business for $193 Million
03.25.2025 - NEWS
March 25, 2025 [Reuters]- Ithaca Energy said on Tuesday it would acquire Japan Petroleum Explorat... Read More
Aramco Acquires Half of Blue Hydrogen Industrial Gases Company
03.25.2025 - NEWS
March 25, 2025 [Rigzone]- Saudi Arabian Oil Co. (Aramco) said Monday it had completed the purchas... Read More
US Jet Fuel Imports Surge as Nigeria's Dangote Refinery Pushes Barrels West
03.25.2025 - NEWS
March 25, 2025 [Reuters]- U.S. jet fuel imports are set to hit a two-year high in March after Nig... Read More