Dangote Refinery targets 1.4m barrels per day capacity by 2029 – Dangote
Aliko Dangote says the Dangote Petroleum Refinery will increase its capacity to 1.4 million barrels per day by early 2029, a major milestone for Africa. Read More: https://punchng.com/dangote-refinery-targets-1-4m-barrels-per-day-capacity-by-2029-dangote/
Dangote Refinery, owned by Aliko Dangote, aims to increase its capacity from 500,000 barrels per day to 1.4 million barrels per day by 2029, which would account for 10% of America's total refining capacity. The refinery also plans to produce 2.5 million tonnes of polyolefin and 400,000 metric tonnes of linear alkylbenzene by 2029, marking significant milestones for Africa's industrial development.
Dangote assured that smaller shareholders in the IPO would be prioritized and that the share offer price of N525 is attractive, projecting potential returns of more than double the investment within two and a half years.
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