Stakeholders in the oil and gas sector in Nigeria have said the petrol industry in Nigeria and many other countries of the world is not immediately threatened following the development of water-fueled cars by an Israeli-based company, Electriq Global. Speaking in separate interviews with New Telegraph over the weekend, they opined that fossil fuel would still be in active demand for the next 20 to 30 years or more. The stakeholders are: Vice President, Oil and Gas, Dangote Group, Devakumar V.
G. Edwin; a former Group General Manager, Group Public Affairs Division, (GPAD) of the defunct Nigerian National Petroleum Corporation, (NNPC), Ohi Alegbe; and Chief Operating Officer, WNT Capitas, Dotun Ajiboye. Others are: Publisher, Africa Oil+Gas Report, Mr.
Toyin Akinosho and Public Relations Officer, Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike. According to a report by The Moment, Electriq Global developed a proprietary system that efficiently converts water into fuel to power vehicles. It added that their technology extracted hydrogen from water and uses it to generate electricity that propels the car.
According to it, this fantastic and positive discovery stands to completely transform the auto industry while also benefiting the environment. It opined that with an estimated 1,000 km range per tank, Electriq’s water-based fuel could soon make petrol obsolete. The report read: “The waterpowered car technology developed by the Israeli company,.
