R.T. Briscoe begins conversion of vehicles to run on CNG/LPG
R.T. Briscoe Plc has commenced conversion of petrol and diesel vehicles to run on Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG).
Group Managing Director of the company, Mr Seyi Onajide, disclosed this during an interactive session with journalists in Lagos.
He also unveiled a number projects embarked upon by the company including securing the approval of the Securities and Exchange Commission (SEC) to raise N10 billion through a savings and investments scheme.
Onajide said the automotive division of the conglomerate decided to set up a CNG/LPG conversion facility in line with the Federal Government’s CNG initiative (Pi-CNG).
“We started the conversion of petrol or diesel engine cars into CNG and LPG without government funding and we believe it is the future of automobile industry. We have successfully done that on some pick-up vehicles,” he said.
The R.T. Briscoe CEO said the company had submitted a proposal to the Presidential CNG committee.
“They invited us to participate in the CNG initiative. We believe that the average vehicle owner in Nigeria and even commuters can benefit from this initiative because it has a lot of benefits. It will save costs for the motoring public,” he said.
Onajide said the CNG conversion kits being used are manufactured in Europe with one of the best global rating standards .
He added that the automotive division of the R.T. Briscoe has well-trained technical and professional team that could handle the installation.
Even as he noted that the future looked promising, he observed the initiative could be impeded by the non-availability of CNG and LPG refilling stations and expressed support for a hybrid model.
He said, R.T. Briscoe had approached some corporate institutions that are fleet owners that have justifiable reasons to build gas-refilled plants on their premises.
According to him, until gas-refilling stations are readily available, CNG would be limited to big organisations that could house and store gas.
The highpoint of the event was the inspection with a test drive of the finished vehicles converted to run on CNG.
RT Briscoe Plc is engaged in the sales and servicing of Toyota vehicles, technical services, material handling and property development and management.
The Presidential CNG Initiative (Pi-CNG) is a component of the palliative intervention of the President Bola Ahmed Tinubu administration directed at providing succour to the masses occasioned by the hardships of the fuel subsidy removal policy of the Federal Government.
With a projected $2.5 billion investment by 2027, the Presidential CNG Initiative plans to drive Nigeria towards a sustainable and prosperous future, where every citizen has the opportunity to thrive.
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