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Bayelsa, European consortium sign fishery deal, to employ 4,000 The Punch
Published 2 July 2021
The Bayelsa State government on Thursday announced the signing of a Memorandum of Understanding with a European fishing consortium in a move that would provide a significant uptick in the state’s agricultural sector.
The MoU with the consortium, Africa Atlantic Gulf of Guinea Fisheries, which includes some Nigerian firms, was facilitated by the Federal Government through the Senior Special Assistant to the President on the Niger Delta, Senator Ita Enang.
At the ceremony in Government House, Yenagoa, Governor Douye Diri said that the deal would generate employment for no fewer than 4,000 youths with 2,500 to be trained in fish farming.
(Yicai Global) Shares in Jiaao Enprotech soared by as much as 7.25 percent today after the Chinese chemical product maker penned a CNY1 billion (USD155 million) biodiesel supply deal with the Singapore subsidiary of oil major Royal Dutch Shell.
Jiaao Enprotech’s stock price [SHA:603822] closed up 4.25 percent at CNY15.95 (USD2.48) today. Earlier in the day it had reached CNY16.41.
Shell International Eastern Trading will purchase a total of 150,000 tons of European Union-standard biodiesel fuel from Jiaao Enprotech over a three-year period starting from July, the Tongxiang, eastern Zhejiang province-based firm said yesterday.
The deal comes into effect once Jiaao Enprotech’s new production line of the renewable alternative to fossil fuels comes into operation. This will treble the firm’s current output of 50,000 tons a year and make Jiaao Enprotech one of the country’s largest producers of the biofuel.