PANA Holdings has expressed its readiness to build renewable energy and decarbonization technology manufacturing facilities in Evergreen City, Nigeria’s green industrial zone, with the support of the German government.
According to Special Presidential Envoy on Climate Action (SPEC), Ajuri Ngelale, the company’s interest in the project aligns with President Bola Tinubu’s green industrial vision.
During a technical discussion with innovator and entrepreneur, Daere Akobo, and German Ambassador, Johannes Lehne, areas of industrial manufacturing opportunity were identified, including waste heat recovery technology, multi-phase pumping technology, and decarbonization of Nigeria’s electric power grid.
The collaboration aims to advance value chain localization and support Nigeria’s transition to a low-carbon economy.
While significant work remains before the project reaches the construction stage, the SPEC expressed satisfaction with the private sector’s cooperation and commitment to turning the green industrial vision into a reality.
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“Before moving swiftly to catch a plane to Geneva, Switzerland, on Tuesday morning, I relished a technical discussion with prized innovator and entrepreneur, Mr. Daere Akobo, in the presence of the German DHM, H.E. Johannes Lehne and the team from PANA Holdings.
“Mr. Akobo’s organization is one of Nigeria’s core indigenous EPC companies with the sustained technical competence to qualify for high-level partnerships with German industrial conglomerates across oil & gas, electric power, and other critical sectors.
“Areas of industrial manufacturing opportunity include, but are not limited to: Orcan Waste Heat Recovery Technology: Conversion of unused and waste heat energy from engines and industrial facilities into clean electricity that is immediately usable. (Organic Rankine Cycle Technology).
“Multi-Phase Pumping Technology: Technology that is deployed to help reduce gas flaring.
“Mokveld Zero Emissions Control Valves: Components that function to substantially reduce fugitive emissions.
“Amplified Geochemical Imaging (AGI): Non-conventional exploratory technology and capability to assess the integrity of Carbon Capture Utilization and Storage (CCUS) instrumentation.
“Decarbonization of Nigeria’s Electric Power Grid: An ongoing agreement between Siemens and PANA Infrastructure to decarbonize the grid through a multi-phase approach can advance value chain localization through its participation in Evergreen City.
“Climate-Smart Agriculture Infrastructure Manufacturing: Production and deployment of instruments to support the local supply chain that will undergird integrous greenhouse farming.
“Continuous Emission Monitoring: Leveraging Infosys platforms to deploy metering solutions and develop a comprehensive dashboard for real-time monitoring and evaluation.
“PANA Holdings has expressed targeted interest in building renewable energy and allied decarbonization technology manufacturing facilities in Nigeria’s green industrial zone, Evergreen City, with the support of the German government.
“While there is significant work to do before this collaboration reaches the construction stage, we are pleased with the cooperation of the private sector in turning H.E. President Bola Tinubu’s green industrial vision into a reality, and we remain dedicated to doing everything possible in order to turn hope into tangible opportunities for Nigerians”, Ngelale said.