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Oil expansion: Honeywell seals an agreement with Dangote

28/11/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Honeywell International has entered into a major partnership with the Dangote group to support the expansion of its mega-refinery in Nigeria, called to increase its capacity to 1.4 million barrels per day by 2028.

The agreement provides for the supply of catalysts, equipment and technologies to treat a wider range of crudes. Dangote will also license Honeywell's Oleflex technology, which must increase its polypropylene production to 2.4 million tons per year.

Financial terms have not been rendered public, but a source quoted by Reuters estimates the value of the contract at more of 250 million dollars.

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