Dangote Group has signed a $400 million building tools settlement with XCMG Development Equipment to broaden its refining and industrial operations throughout Africa.
The event was disclosed in an announcement issued by the corporate on the partnership and its enlargement plans.
The deal is anticipated to considerably scale up capability on the group’s flagship refinery and strengthen execution throughout a number of large-scale industrial initiatives.
The settlement will help the enlargement of the Dangote Petroleum Refinery & Petrochemicals and different strategic enterprise items, with phased deployment of apparatus over the subsequent three years.
As soon as accomplished, the refinery’s output is projected to rise from 650,000 barrels per day to about 1.4 million barrels per day, positioning it among the many largest refineries globally.
The corporate stated the partnership is designed to spice up execution velocity and capability throughout its increasing portfolio of mega initiatives. It famous that the extra tools will play a crucial position in delivering ongoing and future developments throughout the projected timelines.
The group added that the machines will complement current tools already deployed throughout its refinery and industrial mission websites.
The refinery enlargement varieties a part of the conglomerate’s broader industrial development technique aimed toward deepening native manufacturing capability and strengthening worth chains throughout Africa.
The Lekki-based refinery was initially designed with a capability of 650,000 barrels per day, making it one of many largest single-train refineries globally.
The enlargement is anticipated to strengthen home provide of refined petroleum merchandise, petrochemicals, and fertiliser whereas boosting export potential throughout African and international markets.
Past crude refining, the funding additionally targets important development in downstream and allied product strains. The group plans to broaden manufacturing of Linear Alkyl Benzene, a key uncooked materials utilized in detergent and cleansing product manufacturing.
The phased deployment of the newly acquired building tools is anticipated to speed up civil works, logistics operations, and plant installations throughout mission websites.
The settlement aligns with the group’s long-term “Dangote Imaginative and prescient 2030” technique, which goals to construct a 100 billion greenback pan-African industrial powerhouse.
The roadmap focuses on increasing operations throughout refining, petrochemicals, fertiliser, agriculture, and infrastructure.
The federal authorities stated Dangote Petroleum Refinery delivered a mean of 40.1 million litres of Premium Motor Spirit (PMS) per day in January 2026.
