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Nairaland Forum / Nairaland / General / Politics / Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery (1691 Views)
Dangote Lekki Refinery Will Boost Nigeria Economy- Ambode / 50 Men In Nigeria Stole $9 Billion Dollars - John Kerry [video] / Government Officials Stole Over $9 Billion In Nigeria – USA Secretary (2) (3) (4)
Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by jaysniggs: 4:18pm On May 14, 2015 |
By Sulaimon Salau The much-awaited Dangote oil refinery slated for Lekki area of Lagos will be operated by the Honeywell technology, sequel to the approval of Dangote group. The proposed oil refinery situated in Ibeju-Lekki, Lagos is expected to be functional by the first half of 2018, with an estimated production template of about 500,000 barrels per day. With this capacity, the refinery is described as the largest single refinery in Africa. A statement made available to The Guardian yesterday said, "Honeywell technology has been selected to run the largest refinery in Africa. Dangote Oil Refining Company selected UOP technology for a world-scale integrated refinery and petrochemical plant to be built in Lekki, near the capital of Lagos in southwestern Nigeria." UOP LLC, a sister company of Honeywell technology, however stated that its process technology, catalysts and proprietary equipment would form the basis for the largest refinery in Africa, which is aimed at reducing Nigeria's dependence on imported fuels and petrochemicals. Senior Vice-President and General Manager of UOP's Process, Technology and Equipment business, Pete Piotrowski, said: "UOP has been designing state-of-the-art refineries and petrochemical plants for more than a century, so we are well-equipped to help Nigeria develop a massive new installation to meet its domestic needs," According to him, "This project will enable Dangote to improve Nigeria's oil refining capabilities, reduce the country's dependence on imports, and work to revive and transform the Nigerian economy." In addition to processing crude oil to produce high-quality gasoline, diesel and jet fuel that meet Euro V specifications for reduced emissions, the group said the new facility would produce world-scale quantities of polypropylene, a key petrochemical used in plastics and packaging. Honeywell however stressed that UOP technologies at this facility would include: the UOP Resid Fluid Catalytic Cracking process to produce transportation fuels from crude oil. It will also supply propylene, which will be used as a feedstock for polypropylene. Others include: The CCR Platforming™ process to produce high-octane gasoline blending components; the Unicracking™ process to produce diesel; the Penex™ process to produce high-octane gasoline; the crude distillation unit (CDU) design, which will be provided by UOP's alliance partner, Process Consulting Services To complement the technology licensing and design services, the UOP said it was working with Dangote to provide catalysts, adsorbents and proprietary equipment for the project. The Dangote Industries' operations director for petroleum refining, Mr. George Nicolaides, had earlier assured that the site is being cleared, the plant is at detailed engineering level with estimations that it would be completed and start operation by 2018. He said the Dangote group got a $3.3 billion loan with 12 Nigerian and foreign lenders to build the refinery as well as a petrochemical and fertilizer complex costing a total of $9 billion. "Supplying the local market is the primary objective. Naturally we can move product to the region. The government is being very supportive, very enthusiastic about this project. We are not looking for or wanting any particular subsidies." Nicolaides added. allafrica.com/stories/201505140529.html |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by kodded(m): 4:26pm On May 14, 2015 |
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Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by Sweetguy25: 4:40pm On May 14, 2015 |
So if this refinery is built, what happens to the Nigerian owned ones? |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by jaysniggs: 5:12pm On May 14, 2015 |
Sweetguy25: Look this is to be a world class refinery that will drastically reduce our over dependence on imported fuels and petrochemicals we can produce here in Nigeria, the other refiniries are going to be repaired and upgraded. This will bring create more jobs by the time we start producion. |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by AustineE1: 5:19pm On May 14, 2015 |
Welcome development. |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by aare07(m): 5:22pm On May 14, 2015 |
They should carry out Environment Impact Assessment of the project in that Area. |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by Crocz(m): 5:25pm On May 14, 2015 |
Make una no vex o...abeg I go fit go dia with my gallon go collect free fuel unto say e no too far from my hood? ![]() |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by frankie15x(m): 5:27pm On May 14, 2015 |
I laugh dangote o... Biafra dey come.
So I guess he will refine suya 1 Like |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by Sweetguy25: 5:30pm On May 14, 2015 |
jaysniggs: The point I'm driving at is that if our national refineries don't get repaired before Dangote's refinery starts operating, then our national refineries are as good as dead. It will be very difficult to compete against an efficiently managed private owned refinery. The federal government will have no option but to sell the refineries below their market value. |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by jaysniggs: 5:47pm On May 14, 2015 |
Sweetguy25: Last time I checked a survey was conducted on how long it would take to repair the exisiting refineries, and it was about a year, Now with the new governement's emphasis on refineries, we should repair our old refineries and upgrade them before 2018. Hopefully all goes as planned, we'll have our old refinieries plus this one producing more fuels and petrochemicals for Nigeria. More money money for us man. There will be no fuel scarcity Trust me fuel price is gonna drop in Nigeria. More fuel to power the insane 400 car/day import in Nigeria. More jobs man. Except the evniromental hazards tho ![]() |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by doctokwus: 5:48pm On May 14, 2015 |
Sweetguy25:Very good question. My suggestion is that a transparent open bid be open under d GMB govt for public private partnership of this refineries.With dedicated and honest professionals running d refineries,there would be increased production and a competitive pricing in d local market and d Nigerian consumer would b d betterfor it. On the other hand,if the incoming govt can as expected rejig the public work force,as hoped for,and govt employed personnel can do a professional, honest job of their assignments, then d govt can resuscitate these refineries on its own and get them efficiently working again. One thing that should not be allowed to happen is for Dangote, as savvy as he is in d biz world and despite this much needed investment in d refining industry,to have a monopoly of d local refining market. Dangote's investment is however highly welcome because it would effectively run aground the oil importing cabal we presently have who at d end of d day are simply briefcase business men because they do nothing but sit in their offices,siphon our funds and simply move petrol from a vessel outside Nigeria to d local market,while extorting both d govt and Nigerians in d process. They are d ever dreaded middle men that do nothing,but reap d highest reward and Dangote's coming is akin to effectively cutting off d middleman. |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by EMANY01(m): 6:13pm On May 14, 2015 |
jaysniggs: [size=18pt]All well and good. Just one question though: The crude for the refinary and the Gas for the fertarlizer plant will come from where ? [/size] |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by Eshinwaju: 6:18pm On May 14, 2015 |
this news will kill eboes o....dangote (hausa).....Otudeko (Yoruba).....building largest refinery in Africa ![]() ![]() ![]() |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by ahaz: 6:40pm On May 14, 2015 |
jaysniggs:tomorrow some self acclaimed landlords will ask u to leave their land for them while they re busy jumping like grasshoppers in their garages others re busy developing the nation tomorrow dm go come cliam landlords with one drunk oba talking trash |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by Sweetguy25: 6:49pm On May 14, 2015 |
jaysniggs:It is easier said than done. Our refineries should be leased or conceded to private firms or consortium. Repairing the refineries will be a waste of time. |
Re: Dangote Partners Honeywell To Operate U.S.$9 Billion Lekki Refinery by mobaking: 7:51pm On May 14, 2015 |
frankie15x:so only biafra has crude oil,pls start using ur brain. |
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