- Femi Otedola has released an update on Aliko Dangote’s refinery
- The billionaire said the construction works on the refinery is 75% complete
- Dangote Group is building a refinery and petrochemicals plant at the Lekki Free Trade Zone
Nigerian business guru and philanthropist Femi Otedola on Wednesday, February 19, gave a situation report on Aliko Dangote’s multi-billion-dollar refinery and petrochemical unit after visiting the site.
Legit.ng gathered that the billionaire in a tweet shared on his personal Twitter page revealed that construction works on the refinery is now 75% complete, while the other facility is 60% ready. Otedola also noted that the massive project is the 8th wonder of the world.
The Dangote refinery and petrochemicals plant which is located at the Lekki Free Trade Zone is the second-largest fertilizer plant in West Africa with the capacity to produce 3.0 Million Tonnes of Urea per year.
The construction is expected to be the biggest oil refinery in the world after completion. The refinery which will be reportedly producing 650,000 barrels per day (BPD) is set to transform Nigeria from being an importer of fuel to an exporter of refined petroleum products.
She disclosed this in Lagos on Sunday, December 15, 2019, while on a factory tour of the refinery. According to her, this will save Nigeria 11 billion dollars. She said that this money would have been used for importation.
Going further, she noted that Dangote's investment will encourage other investors to appreciate investing in the economy.
In a related development, that refinery received the world’s largest crude distillation column equipment. The equipment, designed for crude oil processing for Dangote Refinery was delivered on Sunday, December 1, 2019, in Lagos state.
It has a distilling capacity of 650,000 barrels per day and this will make it the world’s largest single-train refining column. The equipment weighs 2250MT; length, 112.5m; width, 14.036m; and height, 13.752m.
Similarly, Devakumar Edwin, the company's group executive director, strategy, capital projects & portfolio development said the refinery plant currently under construction is expected to produce 650,000 barrels per day which will, in turn, lead to 65.4 million litres of petrol, diesel, aviation fuel, and Kerosene daily.
Edwin added that the company’s plan is to satisfy Nigeria’s demand for petrol, aviation fuel, kerosene and diesel, and also provide a surplus to be exported.
He explained that the refinery would also include a crude distillation unit, single-train residual fluid catalytic cracking unit, diesel hydro-treating unit, continuous catalyst regeneration unit, alkylation unit, and a polypropylene unit.
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