Honeywell lands $300m tech deal to power Dangote’s $16bn Kenya refinery
Aliko Dangote has selected Honeywell Technologies for a deal worth about $300 million to provide the technology, engineering services and read more Honeywell lands $300m tech deal to power Dangote’s $16bn Kenya refinery
Aliko Dangote has selected Honeywell Technologies for a $300 million deal to provide technology and engineering services for his planned oil refinery in Kenya. The refinery, estimated to cost $16 billion, is set to be completed in 2030 and will have a processing capacity of 700,000 barrels of crude oil per day.
The refinery will be located on the island of Lamu and is expected to serve the region, which has historically relied on fuel imports from the Middle East. According to Capital Business, Dangote's group considered locations in Tanzania, Uganda, Mozambique, and Zanzibar before choosing Lamu for its strategic location and commercial viability.
The project was formally kicked off with a groundbreaking ceremony attended by Kenya's President William Ruto and the presidents of Ethiopia and Uganda. Semafor reports that the refinery will bolster Africa's energy security and economic growth, but it already faces competition from upcoming projects in Tanzania and Uganda.
Brief written by urgent.news from BusinessDay Nigeria, Semafor, Capital Business — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Dangote refinery: How Ksh2.2T investment could reshape Kenya’s economy peopledaily.digital
- Aliko Dangote says he did not know Lamu before refinery project capitalfm.africa
- Dangote breaks ground on $16B Kenya refinery semafor.com
- Dangote breaks ground on $16bn East African oil refinery in Kenya businessday.ng
- Kenyan court pauses construction of $16bn Dangote refinery moneyweb.co.za
