Nigeria to build new refinery in pursuit of self-sufficiency
The refinery will produce Euro-V quality gasoline and diesel, jet fuel as well as propylene. The estimated cost of the project is $9 billion.
Nigeria comes as the second biggest country in Africa in terms of proven oil reserves, which are at around 37 billion barrels. However, given the lack of domestic refining capacity, the country imports the majority of its refined products. Thanks to its new refinery, Nigeria’s refining capacity will be folded in two and help meeting increasing demand for fuels.
The Dangote refinery will have an annual refining capacity of 10.4 million tonnes (Mt) of gasoline, in addition to 4.6Mt of diesel and 4Mt of jet fuel.It will also produce 0.69Mt of propylene, 0.24Mt of propane, 32,000t of sulphur and 0.5Mt of carbon black feed.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PP uptrend falters in Indonesia amid downstream resistance
- Will European PE market sustain uptrend following higher ethylene?
- COVID-19 resurgence weighs on polymer sentiment in Vietnam
- Stats: Turkey’s H1 polymer imports defy pandemic, hit all-time high
- Stats: China’s total PP, PE imports set a new record in H1 2020
- Lackluster demand outweighs tightness in Asian ABS markets
- Will costs drum up support for a 3rd-month-firming in Europe PET market?
- Import PE markets give softening signals in China, SE Asia
- PVC supplies tight, demand robust across Europe
- China’s local PP, PE markets snap nine-week rally