From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.
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ETHANOL PRODUCTION FROM CASSAVA TUBERS IN NIGERIA; HOW VIABLE?
Ethanol, also called ethyl alcohol; can be used as fuel alcohol, drinking alcohol, and grain alcohol. The common type of ethanol is the one found in alcoholic beverages. It is also used as fuel for cars and often called alcohol or spirit.
Ethanol is generally produced by the fermentation of sugar, cellulose, or converted starch and has a long history. In Nigeria, local production of ethanol from maize, guinea corn, millet, other starchy substrates, and cellulose is as old as the country itself.
The opportunity for ethanol production in Nigeria is amazing. Right now, our demand locally is being met by importation.
Nigeria is the largest producer of cassava in the world, producing about 40 million tons per of the product annually.Cassava is one of the richest fermentable substances for the production of crude alcohol/ethanol. Cassava produces a better quality alcohol, and the distilling technique employed ensures a high quality product, free from all type of odors and not harmful to the environment.
There are two types of ethanol: (1) Denatured ethanol and (2) Hydrous ethanol
Denatured Ethanol: It is the one used in blending Premium Motor Spirit (PMS) to E10, E20 etc. It is usually mixed with 2-5 low cost hydrocarbon that makes it unfit for human consumption.
Hydrous Ethanol: It is the natural ethanol used as industrial raw material in the production of alcoholic beverages, cosmetics, perfumes, drinks, medicaments and other industrial uses. We consume up to 20 million litres of the product annually and presently, there is nobody producing it despite the abundance of the raw material (cassava) in the country. The production is viable because it is resource-based: the raw material, the technology and the equipment are all locally available.
The domestic demand for ethanol is estimated at over 180 million litres annually.With a population of over 165 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for ethanol.
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At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.
Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
Should you require a feasibility report on the above subject matter, please do use any of the means below to reach us.
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HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA
Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.
The training cuts across different segment of the economy to include Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism and Transportation and are facilitated by seasoned professionals in their respective fields.
Please do visit the link below to access available training programmes
http://foramfera.com/index.php/human-development-programmes-and-training-opportunity-in-nigeria
We prepare business plan, feasibility study and market report for the small and medium scale industries and develop the entrepreneurial capacity of our client with the aim of providing the much needed business data in Nigeria.
In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites
www.nigeriaoilandgasportal.com {The one stop for the oil and gas industry in Nigeria}
www.nigeriabusinessplace.com {Online Business Forum}
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