Category: Investor News

Indorama Ventures, Nigerian Breweries and Genesis Energy Partner to Develop One of Africa’s Largest rPET Production Facilities

Bangkok, Thailand – 12 March 2026 — Indorama Ventures Public Company Limited, a global  sustainable chemical company, together with Nigerian Breweries Plc, the foremost brewer in Nigeria,  and Genesis Power & Energy Solutions Ltd, a leading African clean energy infrastructure development  and asset management company, have entered a strategic partnership to establish one of Africa’s largest  state-of-the-art recycled PET (rPET) production facilities in Nigeria, based on planned production  capacity. The landmark collaboration marks a significant step toward strengthening circular economy  infrastructure and sustainable packaging value chains across the region.  Located in Lagos, the site represents is an investment to develop a facility capable of producing up to  45,000 tons of food‑grade rPET resin annually, with start‑up targeted in the first half of 2027. By  converting post‑consumer PET bottles into high‑quality recycled material for packaging applications, the  initiative aims to meet fast‑rising demand for recycled content, reduce plastic waste, and create local  value through improved collection systems, job creation, and increased participation across the recycling  value chain.   The partnership brings together complementary strengths across the PET value chain. Indorama  Ventures, the world’s largest recycler of PET for beverages, contributes expertise in sustainable materials  development. Nigerian Breweries, a Heineken operating company, provides strong local market insight  and engagement across Nigeria’s beverage ecosystem, while Genesis Energy supports the initiative with  sustainable infrastructure and energy expertise. The project is expected to support recycling capacity in  Nigeria, subject to regulatory approvals, technical validation, and operational implementation. Together,  the partners aim to establish commercially viable rPET operations that enable responsible growth and  long-term environmental impact.  This initiative aligns with Nigeria’s National Policy on Plastic Waste Management, introduced in 2020 to  strengthen collection, recycling, and circular economy solutions, with the goal that all plastic packaging be  recyclable, biodegradable, compostable, or reusable by 2030. Lagos, as Nigeria’s commercial hub,  provides a strategic base to develop recycling infrastructure capable of serving both national and regional  demand.  Commenting on the landmark partnership, Yash Lohia, Executive President of Petchem and  Chairman of ESG Council at Indorama Ventures, said, “This partnership marks a defining milestone in  our global recycling journey. By establishing our largest recycling facility to date and one of the largest  rPET sites in Africa, we are bringing Indorama Ventures’ global expertise, proven technologies, and long- term vision for circularity to a region with immense growth potential. This investment reflects our belief  that scaling sustainability solutions locally is essential to building resilient, sustainable packaging systems  that deliver lasting environmental and economic value.”   With a global recycling footprint spanning 20 facilities across 11 countries, Indorama Ventures has  recycled more than 160 billion postconsumer PET bottles into high-quality recycled materials. The Nigeria  facility represents the company’s first recycling investment in Africa and the largest recycling plant  Indorama Ventures has ever built, underscoring the scale of the company’s long-term commitment to  circular infrastructure, advanced recycling technology, and partnerships that strengthen collection,  education, and innovation across the value chain.  Genesis Energy supports the partnership by enabling sustainable infrastructure and energy solutions that  underpin low carbon industrial development and circular economy systems across Africa. The company  operates across 11 African countries, with utility-scale generation projects of more than 780MW in  operations, ongoing construction, and advanced development in Nigeria, South Africa, Benin Republic,  Zambia, Rwanda, Zimbabwe, Mali and United Kingdom, as well as a project development pipeline north  of 4.5GW. It deploys solar, wind, battery storage, and natural gas solutions, and is pursuing an ambition  to allocate up to $2 billion annually over the next five years, with a targeted 10 GW of installed and  contracted capacity.   Speaking on the partnership, Chairman and CEO of Genesis Energy, Mr. Akinwole II Omoboriowo,  said, “This compelling initiative demonstrates Genesis’ commitments to deploying capital to climate  resilient investments by leveraging clean energy as a strategic nexus to advancing viable economic  opportunities. The investment is also a testament to how cross-sector partnerships can enable  sustainable industrial development. By combining circular economy principles with resilient infrastructure  and energy solutions, the initiative supports long-term environmental impact and local value creation.”   Beyond industrial investment, the project is expected to contribute to broader environmental and socio- economic objectives through increased PET collection, diverted plastic waste away from landfill, and  […]

Nigerian Breweries Validates Agronomic Viability of Domestic Barley, Urges Infrastructure Investment for Commercial Scale-Up

RINGIM, JIGAWA STATE, NIGERIA Nigerian Breweries Plc (NB Plc) showcased  the successful cultivation of locally grown barley at its Maltina Barley Field Day in Ringim, Jigawa State.  This marks a major step towards reducing Nigeria’s reliance on imported malted barley, and building a  locally independent supply chain. While the event validated the crop’s genetic and soil compatibility in  Northern Nigeria, the company emphasized that scaling production will  require urgent ecosystem  interventions, particularly in irrigation and mechanization.  Nigeria currently imports approximately 200,000 tons of malted barley annually. The Maltina Barley  Programme was designed to localize this supply chain while creating new opportunities for smallholder  farmers in Northern Nigeria. This season, over 1,000 small-holder farmers participated in the pilot phase  of the program cultivating the crop, with an expected yield exceeding 1,000 tons. The farmers received a  structured off-taker guarantee, alongside the provision of quality seeds, fertilizers, and mechanized  services through partners like OCP Africa and Hello Tractor.  The success of this foundational harvest builds on extensive Research & Development. In collaboration  with the Lake Chad Research Institute (LCRI) and French breeder Secobra Research, the programme  successfully adapted barley to Northern Nigerian conditions,, leading to the 2024 registration of three  high-yield, climate-adapted barley varieties by the National Agricultural Seed Council: Traveler,  Explorer, and Prunella.  Despite this agronomic breakthrough, NB Plc emphasized that the current yield is only the beginning of a  long-term agricultural transformation.  “The Maltina Barley Project is a long-term commitment. It is a marathon, not a sprint,” stated Thibaut  Boidin, MD/CEO of Nigerian Breweries Plc. “For this reason, sustained government partnership will be  critical, particularly in the areas of irrigation infrastructure, mechanisation, access to quality inputs, and  extension support”.  Speaking on the agronomic and supply chain realities, Federico Agressi, Supply Chain Director at  Nigerian Breweries Plc, noted the vast potential of the project if properly supported: “The Maltina Barley  Program represents a strategic opportunity to introduce a new crop into Nigeria’s agricultural ecosystem,  which will support economic diversification and strengthen local industry. With proven agronomic  feasibility, strong market demand, and sustained stakeholder engagement, this program can transform  Nigeria’s barley industry and create meaningful prosperity for thousands of rural farming households”.  The potential for expansion is significant. A joint study commissioned with IDH and Dalberg has  identified over 400,000 hectares of farmland suited for barley across Jigawa, Bauchi, Kano, Plateau, and  Yobe states. The programme has also attracted climate-smart agricultural funding, including £330,000  from the UK-funded Propcom+ initiative for the 2026 season.  Nigerian Breweries has set a target to integrate 20,000 farmers into the barley value chain by 2030.  However, the company reiterated that achieving this goal will require sustained collaboration across the  public and private sectors, alongside investments in irrigation, mechanization and policy stability,  including transitional import allowances while domestic production capacity continues to scale. 

Nigerian Breweries Plc Records N1.5 Trillion Group Revenue In 2025

Nigerian Breweries Plc, the foremost brewing company in Nigeria, has recorded a group revenue of N1.5 trillion for the financial year ended 31st December 2025. The revenue represents an increase of 35% over the N1.1 trillion recorded in the corresponding period in 2024. The full-year 2025 audited results showed that the company made a rebound […]

NB PLC RECORDS N1.04 TRILLION REVENUE IN NINE MONTHS

Nigerian Breweries Plc, the foremost brewing company in Nigeria, has posted a Group Revenue of N1.04 trillion for the nine-month period ended September 30, 2025, representing a 48% growth over the N703 billion recorded in the corresponding period in 2024.  According to the unaudited results released on NGX portal, the Cost of Sales rose from […]

Q2 2025: NIGERIAN BREWERIES PLC RECORDS N733.19 BILLION REVENUE

Nigerian Breweries Plc, the foremost brewing company in Nigeria, has announced a revenue of N733.19 billion for the second quarter of the 2025 financial yea, a 53% increased compared to N478.84 billion  recorded in the same period of 2024. According to the provisional result,net profit for the second quarter of 2025 stood at N88.06 billion, marking […]

Nigerian Breweries Plc Acquires Remaining 20% Minority Shares in Distell Wines and Spirits Nigeria Limited

Nigerian Breweries Plc (“NB”) hereby notifies the Nigerian Exchange Limited (“NGX”), its shareholders, and the investing public that it has acquired the remaining 20% shareholding in Distell Wines and Spirits Nigeria Limited (“DWSN”). The full acquisition follows the execution of a sale and purchase agreement with the DWSN minority shareholders, Ekulo International Limited and Next […]

Notification of Approval of Basis of Allotment of Rights Issue

Nigerian Breweries Plc (the “Company”) is pleased to notify its esteemed shareholders and the Nigerian Exchange Limited (“NGX”) that the Company has received the clearance of the Securities and Exchange Commission (the “SEC”) for the allotment of 20,706,894,542 ordinary shares of 50 Kobo each at ₦26.50 Kobo per share under its recently concluded Rights Issue. The […]

Notice of the Appointment of a Substantive Board Chair: Mrs. Juliet Anammah

Nigerian Breweries Plc (the “Company”) is pleased to notify its esteemed shareholders and the Nigerian Exchange Limited (“NGX”) that at its Board of Directors (“Board”) meeting which took place today, the 12th of December 2024, Mrs. Juliet Anammah was appointed as the substantive Chair of the Board effective the 1st of January 2025. She takes over from Mr. Sijbe “Siep” Hiemstra […]

Nigerian Breweries Rallies Against Economic Challenges With 34% Increase In Operating Profit For H1 2024.

Nigerian Breweries Plc, a leading total beverage alcohol company in Nigeria, has posted a34% increase in operating profit for its half-year period ended 30 June 2024. The unaudited results, which were released to the Nigerian Exchange Group (NGX),alsorevealed a 73% increase in revenue in the period despite the challenging operatingenvironment characterized by soaring inflation, exchange […]