Business News
Dangote Group signs $400 Million equipment deal to expand Refinery
Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., a leading Chinese manufacturer, to fast-track the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day to 1.4 million barrels per day, positioning it as the largest refinery in the world.
The deal will enable Dangote Group to acquire a range of advanced construction machinery to support ongoing and upcoming projects in refining, petrochemicals, agriculture, and large-scale infrastructure.
The equipment will complement existing assets already deployed for the refinery expansion, which is slated for completion within three years.
The expansion will significantly boost the Group’s production capacity:
Polypropylene: Increasing from 900,000 to 2.4 million metric tonnes per annum.
Urea (Nigeria): Tripling from 3 million to 9 million metric tonnes per annum, alongside 3 million metric tonnes per annum in Ethiopia, reinforcing Dangote’s position as the largest urea producer globally.
Linear Alkyl Benzene (LAB): Capacity rising to 400,000 metric tonnes per annum, cementing the Group as Africa’s largest producer and strengthening supply for detergent and cleaning industries.
Additional base oil production will also be expanded under the programme.
In a statement, Dangote Group described the agreement as a strategic investment to deepen its construction capabilities and accelerate the goal of building 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 read.
The Group is intensifying its expansion and regional market development as it advances toward its long-term vision, demonstrating its commitment to industrialisation, infrastructure development, and global competitiveness.
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