• Thursday, October 03, 2024
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Axxela eyes energy security in Africa, reduces operational emissions by 31%

Agusto, GCR affirm Axxela’s financial, strategic outlook

In a bold move to advance energy security across Africa, Axxela, one of sub-Saharan Africa’s leading gas and power portfolio companies, has achieved a significant milestone by reducing operational emissions by 31 percent.

Its latest 2023 Sustainability Report showcases a remarkable reduction of over 703,000 tonnes in CO2e emissions from its over 200 industrial and commercial customer facilities across various industries in Nigeria and West Africa.

The report highlighting Axxela’s substantial achievements in reducing carbon footprints and contributing to environmental preservation reflects a 30.46 percent reduction in greenhouse gas emissions from customer locations between 2022 and 2023.

According to the company, this milestone exemplifies Axxela’s position in the advocacy for natural gas utilisation, driving environmental progress, and supporting Federal Government’s net-zero commitment.

Bolaji Osunsanya, chief executive officer of Axxela said, “Our 2023 Sustainability Report is once again a testament of our unwavering commitment to environmental stewardship and sustainable development.

Read also: Nigeria wastes gas enough to power three million households

“By significantly reducing carbon and greenhouse gas emissions, we are not only supporting our customers in their sustainability goals but also contributing to a healthier planet for future generations.

“At Axxela, we believe that sustainability is the foundation of progress, and we are proud to lead the charge in fostering a cleaner, greener, more sustainable future.”

Axxela Limited is a pioneer private sector-led developer of natural gas; a company co-owned by Helios Investment Partners LLP and Sojitz Corporation.

Axxela is a designated natural gas shipper on the West African Gas Pipeline (WAGP) and a member of the West African Power Pool (WAPP), delivering natural gas to about 200 industrial and commercial customers via a vast natural gas infrastructure network.

According to him, natural gas will be pivotal in the global energy transition and Africa’s future energy mix. “Axxela will continue to be at the forefront of accelerating Nigeria’s journey towards becoming a gas-powered economy.

“Through our service offerings, we provide industries with a cleaner, stable, and affordable alternative to traditional fossil fuels, whilst promoting a resilient energy landscape, and driving socio-economic growth.”

The company reiterated its dedication to advancing its sustainability initiatives, continuously exploring innovative ways to reduce emissions and enhance energy efficiency.

“We are setting new benchmarks in the industry, making a lasting impact on the environment and the communities we serve.”

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