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Chinese Government pledges loan for Cassava Ethanol Fuel Plan Construction Project
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Crownek Green Energy Limited |
| Country | Nigeria |
| Start Date | Jan 01, 2008 |
| End Date | Nov 17, 2026 |
| Duration | 6,895 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 1806 |
Grant Description
Chinese Government pledges loan for Cassava Ethanol Fuel Plan Construction Project In August 2006, Nigeria's central state of Niger and the Chinese government signed an MoU for an ethanol plant, to be fed by cassava, in the state capital Minna. Secretary to the Niger State Government Adams Erena said the project would cost 11.6 billion naira (~$90 million).
On January 24, 2008, Crownek Green Energy Nig.
Ltd signed a $70 million commercial contract with China National Heavy Machinery Corporation (中国重型机械总公司) for the implementation of the Nigeria Cassava Ethanol Project. At the commercial contract signing ceremony, Crownek Green Energy Nig.
Ltd and China National Heavy Machinery Corporation announced that they would seek to fund this project with a concessional loan from the Chinese Government. 85% of the cost of the project (9.86 billion naira) was to be financed through a loan from the Chinese government at a 3% interest rate. The 15% balance would be sourced by the state government from local banks.
By 2006, the state government had already released 30 million naira to local cassava farmers to facilitate mass production of the commodity. However, it is unclear a Chinese Government loan ever materialized. This project involved the construction of a 180,000 liter per day ethanol-based fuel plant in Lyemero, Nigeria.
The ethanol was produced from local cassava. A groundbreaking ceremony for the project took place on September 4, 2008.
Upon completion, it was expected that the project would have the capacity to convert 150,000 tons of cassava into fuel energy. Erena said that the biofuel would be sold at cheaper rates for both local consumption and exports as ethanol.
Wang Qingxin, managing director of the Chinese company, assured his Nigerian partner that the project would be completed within two years.
Staff Comments
The Chinese project title is 举行了尼日利亚木薯加工酒精EPC总包项目 or 举行了尼日利亚木薯加工酒精项目 or 酒精厂项目.The 3% interest rate can be found in the source 'Niger, Chinese Coy in Ethanol Production Pact'. Other loan terms are unknown.Because it is unclear a Chinese Government loan ever materialized, this project has been status-coded as a pledge for the time being.
Sources & References
- http://news.mongabay.com/bioenergy/2006/08/nigeria-china-sign-agreement-on.html
- Nigeria
- China sign agreement on ethanol production
- Niger
- Chinese Coy in Ethanol Production Pact
- Biomass resources and biofuels potential for the production of transportation fuels in Nigeria
- Signature du contrat de l'usine de manioc au Nigeria
- Projets et réalisations : Coopération Chine/Nigeria pour la production d'éthanol
- 尼日利亚两个木薯加工酒精EPC合同签订
- Nigeria: N14.4 Billion Ethanol Project Takes Off
- 中国公司承建的尼日利亚燃料酒精厂项目举行奠基仪式
- CONTRACT SIGNING OF NIGERIA CASSAVA FACTORIES
- 中国公司承建尼日利亚燃料乙醇项目开工, http://global.factiva.com/aa/?ref=XNEWS00020060811e28b003pf&pp=1&fcpil=en&napc=S&sa_from=, http://global.factiva.com/aa/?ref=AFNWS00020060817e28e001da&pp=1&fcpil=en&napc=S&sa_from= Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Crownek Green Energy Limited
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