Dangote Group has inked a massive $400 million deal with China’s XCMG Construction Machinery Co., Ltd., a top-tier manufacturer, to turbocharge the expansion of its Petroleum Refinery & Petrochemicals complex.
This strategic move will boost capacity from 650,000 barrels per day to a whopping 1.4 million barrels per day, making it the world’s largest refinery.
The pact delivers a fleet of cutting-edge construction equipment to fuel not just the refinery project but also ventures in petrochemicals, agriculture, and major infrastructure.
These new machines will build on the Group’s current assets, with the full expansion targeted for completion in just three years, paving the way for Dangote to dominate the global construction landscape.
Beyond refining, the expansion programme will see polypropylene production increase from 900,000 metric tonnes per annum to 2.4 million metric tonnes per annum. Urea capacity in Nigeria will be tripled from 3 million to 9 million metric tonnes per annum, in addition to the 3 million metric tonnes per annum capacity in Ethiopia, strengthening the Group’s position as the largest urea producer globally.
Production capacity for Linear Alkyl Benzene (LAB) will also be increased to 400,000 metric tonnes per annum, positioning the Group as the largest producer in Africa and strengthening supply to the detergent and cleaning agents manufacturing industry. Additional base oil production capacity also forms part of the broader expansion programme.
In a statement, the Group described the agreement as a strategic investment aimed at deepening its construction footprint and accelerating its ambition to build a $100 billion enterprise by 2030.
“The additional equipment we are acquiring under this partnership will significantly enhance execution across our projects. With this investment, we are positioning ourselves to become the number one construction company in the world,” the statement said.
Dangote Group is currently accelerating expansion and regional market development as it advances toward its long-term vision of building a $100 billion enterprise by 2030.
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