Ardova deepens investment in LPG, prioritises environmental sustainability

Ardova Plc has revealed plans to scale investment in Liquefied Petroleum Gas (LPG) to align with the company’s broader goal of meeting both current and future energy demands.

Briefing journalists in Lagos to commemorate its 60th anniversary celebration, under the banner “60 Years of Energising Progress With Endless Possibilities,” the Managing Director, Moshood Olajide while stressing the company’s commitment to energy transition, in line with global shift towards cleaner, more efficient energy solutions, also stated that there is need to address the visible effects of climate change in Nigeria.

He said Ardova’s investment in LPG infrastructure underscores its belief in gas as Nigeria’s bridge to a sustainable energy future.

According to him, with the nation embracing its decade of gas initiative, Ardova is poised to harness the potential of LPG to drive small business growth, enhance energy efficiency, and alleviate environmental challenges linked to traditional fuels.

He said there is increasing pressure on businesses to mitigate their environmental impact, particularly in light of climate change and pollution concerns.

According to him, the company is blending solar, gas, diesel, and petrol in a strategic plan that aims to navigate future disruptions in the energy market.

He noted that while energy transition in Nigeria is expected to take longer due to the need for a ‘just transition,’ the country’s abundant sunshine makes solar energy particularly promising, especially in the northern regions.

To this effect, he disclosed that the company is investing heavily on  solar energy investments as the subsidiary plans to solarize retail locations and provide solar-powered kits to small households in rural communities.

The Chief Strategy Officer, Abdul Hakeem Buhari said Ardova renewables is set to collaborate with commercial and industrial clients to provide industrial-level grid connections, thus ensuring a diverse energy portfolio.

“While backward integration into refining is not a priority at this time, Ardova remains open to such opportunities in the future. In the meantime, Ardova continues to build strong partnerships, particularly with Dangote Refinery, to ensure a steady supply of energy products.

At the heart of this vision is the company’s $500 million state-of-the-art terminal in Lagos, a feat that positions Ardova as a leader in West Africa’s energy infrastructure.

According to him, this facility, with a capacity to store 30 kilotons of LPG, meets 60 per cent of Nigeria’s domestic demand, signaling an unprecedented opportunity to transform both industry and households.

He pointed out that the company is investing in solutions that address climate change and food security concerns, aiming to create a future where environmental  and economic growth coexist.

He said its investments in renewable energy, alongside its commitment to reducing carbon footprints, exemplify this balanced approach.

“The company’s 150-million-liter lubricant blending plant and its extensive network of over 700 retail touchpoints further demonstrate Ardova’s ability to meet domestic demand while catering to West Africa’s broader market needs.

Additionally, Ardova’s jet fuel operations across Nigeria’s major airports position it as a linchpin in the country’s aviation industry.