Categories: Business

Dangote Refinery To Produce Gasoline, Polypropylene From March

The President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has hinted that by March 2024, Dangote Refinery will produce gasoline and polypropylene, expressing optimism that Nigeria’s dependence on imported refined petroleum products would be eliminated soon.

Speaking at the Dangote Cement Distributor’s award night for the year 2023, tagged: ‘Forward together,’ he also disclosed that plans are in place to consolidate Dangote Sugar Refinery, Dangote Salt and Dangote Rice into Dangote Foods.

He stated that the consolidation is a strategy to harness the benefits of backward integration via linkages and build a more formidable food subsidiary, adding that by the year 2025, the group will be producing a million tons of rice that are expected to create thousands of jobs.

Dangote assured Nigerians of continuous research and improvement in the production processes to deliver the best quality products in the market.

He said: “We are celebrating an enduring partnership that has elevated us to become Africa’s largest cement company; a partnership that is aptly captured by the theme of today’s event. This partnership has seen us toil shoulder-to-shoulder to overcome various obstacles in the cement sector and deliver value for all stakeholders.

“We are renewing and strengthening the trust you reposed in us by remaining true to Dangote Cement. We are deepening this relationship as we continue the ‘forward together journey to retain and extend our lead in the domestic market.

“Our refinery has kicked off the refining of crude oil with Automotive Gas Oil (AGO) and JETA1 fuel as initial products. We expect gasoline and polypropylene by the end of March. We believe that Nigeria’s dependence on imported refined petroleum products will be eliminated very soon.

“We trust that our refinery will largely transform Nigeria’s economy, create more linkages, and ensure the evolution of ancillary industries dependent on its byproducts. We are hopeful that more jobs will be created, therefore reducing the level of youth unemployment and improving livelihoods.”

The Group Managing Director, Dangote Cement, Mr Arvind Pathak, commended the customers for their support to the success of the business.
***
You can visit us for more news at: thenewsdesk.ng

Publisher

Recent Posts

Court Subpoenas INEC Chairman Over Tinubu’s 1999, 2023 Election Records

By NewsDESK A Federal High Court sitting in Abuja has issued a subpoena directing the…

10 hours ago

Unyime Idem Announces Second ₦1bn Empowerment Phase for 1,000 Constituents

By NewsDesk - The Member representing Ukanafun/Oruk Anam Federal Constituency, Rep. Unyime Idem, has announced…

1 day ago

Federal High Court Fixes December 21 For Christmas Break, Names Vacation Judges

By NewsDesk - The Federal High Court of Nigeria has announced that its 2026 Christmas…

1 day ago

Eno Declares Ibom Deep Sea Port As Game-Changer In Akwa Ibom’s Economic Diversification

By NewsDesk - Akwa Ibom Governor, Pastor Umo Eno, has identified the Ibom Deep Sea…

1 day ago

Ibom Deep Sea Port: Gov Eno Hails Tinubu’s Approval, Projects Economic Transformation

By NewsDESK - Akwa Ibom State Governor, Umo Eno, has described President Bola Ahmed Tinubu’s…

1 day ago

Akwa Ibom To Sponsor 100 Youths For Agribusiness Training In Nasarawa

By NewsDESK - The Akwa Ibom government has offered to sponsor 100 youths for agricultural…

1 day ago