Activity in Africa's Alternative Fuels Industry Shows Growth

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Researched by Industrial Info Resources (Sugar Land, Texas)--Africa is making strides in diversifying its energy mix and decreasing its dependence on fossil fuels through the development of renewable sources and alternative fuels.

There are various factors behind the rise of alternative fuels, such as a ceaseless rise in greenhouse gas emissions, surge in fossil fuel prices, the increasing awareness of environmental sustainability, and the need for reducing carbon footprints. In addition to these, governments and companies offer incentives to nurture the development of alternative fuels like hydrogen, biodiesel and bioethanol.

Industrial Info is tracking 19 active projects in Africa's Alternative Fuels Industry, worth US$5.05 billion. This includes Nigerian National Petroleum Corporation's (Abuja, Nigeria) $500 million bioethanol plant which is planned to come up in Adamawa, Nigeria. Subscribers to Industrial Info's Global Market Intelligence (GMI) Alternative Fuels Project Database can click here for a detailed project report and here for a full list of projects.

Click on the image at right for a breakdown of Africa's capital-spending alternative fuels projects, by project type.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).