Rianol Energy, an renewable energy company in Lagos has moved to acquire 600 hectares of Land in Kwara for feedstock production.
The company plans to produce 40 tonnes of feedstock daily and targets 5000 litres of ethanol daily.
Speaking on the company’s expansion plan, the CEO, Mr Mark Obisesan, said that “from the onset, our vision had always been to change how households in Nigeria generate and use energy. With ethanol, families can generate cheaper, and much safer energy.”
On the potential and impact of the new acquisition, Mr Obisesan said “this is a game-changer not just for us as a company but for the community where we will be growing the feedstock. Our plan is to hire about 1000 farmers and low skilled workers across the production value chain.”
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Mr Obisesan also talks about what drives his company and he continues to take the risk of redefining the energy industry.
“Asides from the pollution and environmental hazards, I want to create a safe environment for people to use clean energy in their homes without the fear of accidents that can claim their lives. More importantly, times are hard and the cost of energy for many households is hitting the roof. Our energy will be much cheaper, leaving families with more disposable income.”