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 aims to boost its capacity to 1.4 million barrels per day by 2029, representing a significant 10% of America's total refining capacity. This expansion includes producing 2.5 million tonnes of polyolefin and 400,000 metric tonnes of linear alkylbenzene, marking major milestones for Africa's industrial development.
The refinery's IPO offers, which have seen oversubscription, will prioritize smaller investors, and Dangote assures that returns on investment will be in dollars, potentially exceeding double the initial investment within two and a half years.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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