Dangote Partners with Honeywell to Expand Refinery Capacity in Nigeria
Aliko Dangote's refinery in Nigeria has tapped Honeywell International Inc. to double its capacity to 1.4 million barrels per day by 2028. The partnership will enable Dangote to process a wider range of crude grades and expand its output, including producing polypropylene and industrial materials.
With Nigeria being Africa's largest crude oil producer, Dangote's refinery aims to address the country's fuel shortages and potentially export surplus. The deal, valued at $250 million, signifies Dangote's strategic move to boost its presence in the oil and gas sector, as reported by Reuters and Bloomberg.
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