|
Listen now
|
The Dangote Refinery and Petrochemicals plant, being built in Nigeria by Africa’s richest man, Aliko Dangote, will be officially commissioned on Monday May 22, by President Muhammadu Buhari, confirming MoneyCentral’s earlier reporting.
The refinery will have crude oil processing capacity of 650,000 barrels per day (bpd) in order to achieve quality refined petroleum products and position Nigeria as a net exporter of refined petroleum products and petrochemicals.
The refinery has been designed for a wide range of crudes including most of the African crudes, a few of Middle Eastern crudes and the American Light tight oil (LTO).
Dangote refinery once operational will convert crude oil, sourced from around the globe, into various products such as gasoline, kerosene/Jet fuel, diesel, propane/LPG, Polypropylene, and other value added fuels.
Some of these products are used to produce petrochemicals used for making plastics and other products.
The initial production capacity at the refinery will be a 27.2 million tonnes a year, or 74,538 tonnes per day broken down into these specific products, according to internal data about the refinery seen by MoneyCentral.
Post completion, the refinery will become the dominant fuel supplier in Nigeria, with the ability to export to other parts of Africa, Europe and South America.
It’s relatively high Nelson complexity index of 9.5 results from its capability to refine crude into mostly high value products, providing it a strong competitive edge against older refineries in the region.
The refinery has flexibility to direct most of its jet fuel / kerosene output into its diesel production if desired and can regulate its output between gasoline and diesel to better match market demand.
The power infrastructure allows the refinery to be completely independent of any national grid and additional redundancies have been built in to provide stability in case of unexpected outages.