LONDON, December 5 /PRNewswire/ --
The 2008 Sub-Saharan Africa Biofuel Emerging Company Award is presented to Global Biofuels Limited of Nigeria in recognition of its commitment to producing biofuel, promoting the socio-economic upliftment of Nigerians and reducing greenhouse gases as set out in the Kyoto protocol.
Global Biofuels Limited is establishing the first refinery for the production of bioethanol from sweet sorghum -- for blending with petrol (E10) for use by normal cars in Nigeria, notes Frost Sullivan Programme Manager, Mani James. The company will also produce bio-diesel from safflower, (an oilseed crop not used for food) to power industries and electric power generators, of which Nigeria is the largest consumers worldwide.
Thus, Global Biofuels Limited has devised an innovative solution to the feedstock controversy (food vs. fuel) in Africa by using sweet sorghum and safflower, while other companies use cassava and corn, both of which are staple foods.
The grains of sweet sorghum will continue to be used for human and animal consumption, while the sugar-rich stalks (which previously had no economic value to the farmer) are used for ethanol production and the waste cellulose material (bagasse) is burned for electricity generation.
This ensures that the company is self sufficient in power generation for its use, while the balance is sold to the national grid to generate additional revenue, remarks James. The company is in partnership with the International Crops Research Institute for Semi-Arid Tropics (ICRISAT), Praj Industries Ltd and the Institute for Agricultural Research (IAR) Samaru to ensure that the optimal cultivar of sweet sorghum is used.
Praj Industries Limited has won a contract to construct production facilities with a projected daily output of 200,000 litres of ethanol and 100,000 litres of diesel. The Nigerian National Petroleum Corporation (NNPC) is supporting Global Biofuels Ltd to ensure the realisation of this project.
Global Biofuels Limited is anticipated to start bio-ethanol and bio-diesel production in 2009 with an initial production capacity of 27 million litres per year of biofuels and 30 million per annum of biodiesel. This equates to 3 per cent of the total Nigerian transport fuel market in 2009. Global Biofuels Limited's capacity is expected to increase to 600 million litres per annum in 2014, a significant increase in market share to 66.67 per cent, thereby making it a dominant market participant.
Global Biofuels Limited is committed to sustainable biofuel production in Nigeria; its operations will stimulate rural development and large scale commercial agricultural production with attendant job creation and technology transfer, comments James. It is estimated that Global Biofuels Limited's initiative will create approximately 58,000 jobs in each of its area of operation, even as it supports rural and agricultural development, reduces its carbon footprint and converts wastes to wealth.
The Frost Sullivan Award for Emerging Company is presented to the company that has emerged as a significant participant within its industry. This company is perceived to have exhibited outstanding management, superior market growth, exceptional customer service and the ability to combine technology and successful strategic initiatives. This company has the exceptional know-how to take advantage of market changes through the execution of innovative strategies within the existing competitive landscape.
Frost Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About Global Biofuels Limited
Global Biofuels Ltd, the Integrated Power, Protein and Biofuels Company seeks to create value by working to stem the harmful effects of global warming and increasing the rural dweller contributions to economic advancement. The company's board of directors, made up of people of impeccable character and served by experienced executive management aim to leverage a growth strategy which stimulate environmental wellbeing while also delivering handsome returns to stakeholders.
Global Biofuels Limited Contact Information Felix B.Obada, PhD. Group Managing Director Chief Executive Cell: +234-803-468-7555 Phone: +234-1-2706428/29
About Frost Sullivan
Frost Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership(TM) empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost Sullivan's Growth Partnerships, visit http://www.frost.com.
Frost Sullivan Contact Information Jasmine Malone - Promotions Coordinator Phone: +44-207-915-7869 E-Mail: email@example.com
Jasmine Malone, Promotions Coordinator of Frost Sullivan, +44-207-915-7869, firstname.lastname@example.org; or Felix B.Obada, PhD., Group Managing Director Chief Executive of Global Biofuels Limited, +234-1-2706428 / 29, Cell, +234-803-468-7555; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO