Doowe Gas, THLD Group sign agreement to promote autogas fuel in Nigeria
Autogas is the LPG used as fuel in internal combustion engines in vehicles and some generators.
Doowe Gas – Nigeria's largest online retailer for cooking gas (liquefied petroleum gas) cylinders, LPG pressure vessels and skid plants – has announced a partnership with THLD Group, a Nigerian indigenous alternative energy solutions company. The aim of the partnership is to commence the conversation of petrol-engine vehicles to autogas-powered vehicles across the country.
The agreement, which was signed by James Atiti, CEO/Co-founder of Doowe Gas, and Olajuwan Olusegun, Managing Director/CEO of THLD Group, also aims to promote the sale and use of autogas as a sustainable motor fuel, which not only reduces greenhouse gas emissions, but also has the advantage of fuel economy and lower maintenance costs.
Autogas is the LPG used as fuel in internal combustion engines in vehicles and some generators. According to a statement by Doowe Gas, autogas is 40 per cent cheaper than conventional fuels. It is the world's most widely-used alternative fuel. The World Liquefied Petroleum Gas Association (WLPGA) says more than nine million vehicles in 38 countries currently operate on autogas.
The two companies said THLD’s autogas system is provided by STAG, which is one of the leading technologies in the world in the commercialization of autogas. The companies also said the agreement demonstrates each company’s commitment to developing more sustainable services and protecting the environment.
“THLD Group has come to Nigeria at the right time,” said Olusegun, THLD Group’s Managing Director/CEO. “The present economic recession has necessitated Nigerians to look for alternative but cheaper means of generating power via generator sets and fuelling of their vehicles. There is no better time than now for Nigerians vis-à-vis the governments and corporate bodies to embrace this innovation.’’
His Imperial Majesty, the Ooni of Ife, Oba Enitan Babatunde Adeyeye Ogunwusi (Ojaja 2), endorsed the partnership and initiative. The traditional ruler encouraged Nigerians to consider the introduction of the conversion technology as an opportunity to learn.
Doowe Gas has over 15 retail autogas stations in Lagos alone. The company's activities span across the LPG value chain, including LPG bulk supply/distribution, LPG plant construction and installation, logistics solutions and integrated project management.
Most Popular News
- Huawei plans to launch cloud data services in Africa
- Anzisha Prize opens application process for young African entrepreneurs
- UBA partners Google to provide free Wi-Fi to customers
- Sukuk issuances rise as alternative infrastructure funding instrument
- Islamic finance forum to showcase new takaful and insurtech innovations
- Details of President Muhammadu Buhari's "Budget of Change"