Asanita Agricultural Processing Company Limited

Building Nigeria's Next Generation Bioethanol Platform

Supported by Federal Government Backward Integration Certificate

About Asanita

Asanita is an integrated agro-energy company

Asanita Agricultural Processing Company Limited is an integrated agro-energy company developing sustainable bioethanol and renewable energy infrastructure in Nigeria.

Based in Edo State, Asanita is developing a bioethanol plant that will convert locally grown cassava into high-purity bioethanol for clean cooking, pharmaceutical, cosmetics, industrial, and transport fuel applications.

Our operations are powered by renewable biomass energy and designed to convert waste streams into valuable products. Through this integrated model, Asanita strengthens Nigeria’s energy security, reduces import dependence, and delivers long-term economic, social, and environmental benefits.

Project Credentials

50,000 LPD bioethanol production capacity

Federal Government Backward Integration Certificate (80M litres)

National Council on Climate Change (NCCC) No Objection Letters received

2,500 hectares under cultivation through IDH–PIND WISE programme

Our Vision

To be a leading African platform for sustainable agro-processing and renewable energy solutions.

Our Mission

To convert agricultural resources into clean energy, industrial products, and shared prosperity through innovation and responsible operations.

What We DO

Asanita develops and operates integrated, zero-waste facilities that combine clean energy production, sustainable agriculture, and industrial manufacturing.

Our platform includes:

This integrated structure improves efficiency, reduces operating risk, and enhances long-term resilience.

Why Bioethanol

Bioethanol plays a central role in Nigeria’s clean energy and industrial future. It supports:

Cleaner energy with lower emissions

Reduced reliance on imported fuels and chemicals

Improved public health through cleaner cooking solutions

Job creation across agriculture, manufacturing, and logistics

Why Edo State?

Edo State offers a strong foundation for sustainable bioethanol production due to its agricultural capacity, strategic location, and supportive operating environment.

The region provides access to high-volume cassava production, established transport links, and proximity to key domestic markets. This positioning strengthens feedstock security while supporting inclusive agricultural development through nucleus farming and out-grower schemes.

Hectares under cultivation
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Direct & indirect jobs across value chain to be created
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Our Flagship Integrated Projects

Asanita is developing an integrated platform comprising:

A bioethanol plant with planned capacity of 50,000 liters per day

A food-grade carbon dioxide facility producing up to 25 metric tons per day

A cassava peel-based animal feed processing facility up to 30 metric tons per day

A 2.2 megawatt renewable biomass power plant

Together, these components operate as a single, resilient industrial ecosystem.

Investment Opportunity

A Scalable, De-Risked Renewable Energy Platform

Note: This information is provided for general purposes only and does not constitute an offer or solicitation.

Asanita offers investors the opportunity to participate in the development of a large-scale, integrated bioethanol and renewable energy platform in Nigeria.

  • Investment Opportunity

    Compelling Market Demand

    Strong and growing demand across energy, industrial, and consumer applications

    Nigeria’s ethanol demand is estimated at 450 litres annually, driven by pharmaceuticals, cosmetics, beverage, and industrial applications, with imports still supplying 80% of consumption. Biofuel ethanol demand is projected to reach 570M litres by 2030, signaling demand expansion. 

  • Investment Opportunity

    Integrated Business Model

    Multiple revenue streams across a circular bioeconomy model

    Ethanol production is complemented by CO₂ recovery, animal feed (HQCP), and biomass power integration, creating diversified and resilient income streams.

  • Investment Opportunity

    Structured Offtake-Led Growth Model

    Commercial engagement pipeline includes approximately $13M+ in structured offtake discussions, anchored around industrial buyers across clean cooking, pharmaceuticals, and cosmetics segments.

  • Investment Opportunity

    Strong ESG Alignment

    Low-carbon industrial model with inclusive agricultural impact

    The model integrates low-carbon fuel production, circular biomass utilization, and smallholder farmer inclusion across 2,500+ hectares, creating over 7500 direct & indirect jobs. This aligns with global sustainable industrial investment frameworks.

Products We Offer

Asanita is developing integrated, zero-waste facilities that combine clean energy production, sustainable agriculture, and industrial manufacturing. Each product is designed to meet domestic demand while reinforcing Asanita’s zero-waste, circular economy approach.

Clean Cooking Fuel

Bioethanol provides a clean and efficient alternative to traditional cooking fuels such as firewood and charcoal, enabling safer indoor cooking and improved air quality.

Asanita’s production is structured to support scalable ethanol supply for clean cooking applications, including household energy distributors and manufacturers of ethanol-based cookstove technologies.

Designed to enable consistent, large-scale supply as demand for clean cooking solutions expands across Nigeria and similar markets.

High-purity ethanol is a critical input for pharmaceutical, cosmetic, and personal care manufacturing, where consistency, purity, and supply reliability are essential.

Asanita supports domestic manufacturers with locally produced ethanol, reducing import dependence and strengthening supply chain stability.

Production is designed to meet quality and consistency requirements for industrial users, supporting long-term supply relationships

Bioethanol is widely used as a blending component in transport fuels to improve combustion efficiency and reduce emissions.

With Nigeria’s E10 blending framework, demand for fuel-grade ethanol is expected to grow significantly. Asanita is positioned to support this transition through reliable local production.

Output is being developed to support structured supply to fuel blenders and downstream energy stakeholders.

Food-Grade Carbon Dioxide

Carbon dioxide generated during ethanol production is captured and refined into food-grade CO₂ for industrial applications.

This product serves beverage manufacturers, food processors, and industrial users requiring a reliable CO₂ supply for carbonation, preservation, and process applications.

Cassava peel residues from processing are converted into High Quality Cassava Peel Mash (HQCP), providing a cost-effective and locally available input for livestock production.

This stream strengthens agricultural efficiency by transforming waste into a structured input supply while supporting livestock sector productivity.

Partners and Stakeholders Engagement

Asanita collaborates with leading institutions across agriculture, technology, sustainability, and advisory services.

IDH – The Sustainable Trade Initiative & Foundation for Partnership Initiatives in the Niger Delta (PIND)

IDH–PIND has provided grant support for the empowerment of 2,500 youth outgrower farmers through the Women in Sourcing & Enterprise (WISE) program, supporting the cultivation of 2,500 hectares of cassava feedstock. This initiative strengthens supply security, farmer participation, and long-term feedstock resilience

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is providing funding guarantees to de-risk the Asanita project for commercial lenders, helping to unlock investment, improve financial security, and facilitate project implementation.

Farmer aggregation partner coordinating over 8,000 farmers across 2,300 hectares, supporting structured feedstock supply and farmer engagement.

IBHA Systems Pvt. Ltd.

Global EPC contractor specializing in ethanol plants, with projects delivered across multiple continents. Provides end-to-end engineering, construction, and commissioning expertise, reducing execution risk.

Specialist turbine and power systems supplier for industrial and renewable energy projects, supporting reliable on-site power generation for ethanol operations.

Manufacturer of high-efficiency industrial boilers for ethanol and biomass applications, supporting process reliability and energy efficiency.

A global engineering and technology company specializing in the design and manufacturing of industrial equipment for starch processing, ethanol production, and biomass-based industries.

FCDO is a development partner supporting inclusive agricultural market growth and industrial development. For the Asanita project, FCDO provides support through both the Manufacturing Africa (MA) program, which focuses on industrial and investment readiness, and the MADE (Markets for Agricultural Development in the Niger Delta) program, which emphasizes cassava value chains and farmer engagement.

  • Provides guidance on ESG frameworks, market assessments, and investment readiness.
  • Market Assessment delivered through McKinsey & Partners, strengthening market intelligence and project design of Asanita’s bioethanol project.

 

A global management consulting firm providing strategic advisory, operational insights, and market intelligence. BCG supports the Asanita project through the Nigeria Cassava Investment Accelerator (NCIA), a strategic initiative aimed at transforming the country’s cassava sector into a high-value, industrial, and export-driven industry. This support enhances project scalability, operational efficiency, and investment readiness while ensuring alignment with best-practice industrial frameworks.

NCCC has issued No Objection Letters in support of the Asanita project, confirming its alignment with Nigeria’s national climate and sustainability objectives. This endorsement recognizes the project’s contribution to clean energy production, emissions reduction, and climate-resilient industrial development.

Environmental and social advisory partner responsible for Environmental and Social Impact Assessment (ESIA). Natural Eco Capital supports regulatory compliance, environmental risk management, and alignment with international environmental and social standards.

Stanford Legal Barrister & Solicitors

Legal advisors to Asanita, providing transaction structuring, regulatory compliance, and project documentation support across the project lifecycle.

Our Partners

Management and Leadership

Victor Legogie

Chief Executive Officer

Business executive with over two decades of experience across telecommunications, construction, and energy.

Odia Emeya

Chief Operating Officer

Operations and manufacturing specialist with direct ethanol plant experience. MBA from Oxford Brookes University.

Uma Shankar Verma

Chief Technical Officer

More than twenty-seven years of experience in ethanol production and industrial fermentation.

Elizabeth Esene

Chief Financial Officer

Chartered accountant with experience at international banks and multinational companies.

Jennifer Iyamu

Head of Compliance and ESG

Commercial and corporate lawyer with extensive regulatory and compliance experience.

Our Commitment to Sustainability

Sustainability is embedded in every aspect of Asanita’s operations. Our zero-waste philosophy prioritizes environmental responsibility, ethical governance, and positive social impact while supporting national development and climate goals.

Contact Us

Get In Touch with Us

For investment enquiries:

investmentquery@asanita.com

Phone:

+234 (0)911 110 1015

Linkedin:

Linkedin.com/company/asanita