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In our aim to help mitigate climate change and lower our carbon footprint, and that of our customers, Hyde Energy is working to ensure LPG (liquefied petroleum gas) is available to all Nigerians. LPG, as a low-carbon, low-polluting fuel, is recognized by governments around the world for the contribution it can make towards improved indoor and outdoor air quality and reduced greenhouse-gas emissions.
Conventional fossil fuels are accelerating the rate of climate change, and the use of solid fuels accounts for up to 30% of black-carbon emissions. LPG is a low-carbon alternative, its combustion emitting 33% less CO2 than coal and 12% less than heating oil. It emits no soot (a major contributor to climate change), it doesn’t pose a risk to soil and groundwater, and it emits lower Nitrogen and Sulphur oxides (NOx and SOx) than most fuels.
LPG is a useful fuel for power generation, and a popular fuel source in existing power plants in Nigeria. In transport, LPG autogas is a good fuel replacement for petrol in cars and has lower emissions than diesel, offering significant environmental advantages, particularly in helping cut pollution and improving air quality. LPG is a clean-burning, smoke-free fuel that can replace kerosene in cooking, again supporting cleaner air quality.
Nigeria sits on the largest proven gas reserves in Africa, ranking 9th in the world and accounting for about 3% of the world's total natural gas reserves. This means supply for Nigerians is unaffected by foreign-exchange variations and international supply-chain disruptions.
Hyde Energy is working to ensure this valuable, cleaner resource is available as a product for as many Nigerian industries and consumers as possible, by increasing the share of this natural gas in our portfolio. We are building capacity throughout the whole supply chain, with efficient transportation systems to reduce logistics time and extend the supply chain and offer autonomous gas dispensing units and refilling plants to be closer to the customers, to improve availability and customer access to this cleaner source of energy.
We all must reduce our carbon footprint on our journey to net zero.