Nigeria: Dangote Refinery to Begin Large-Scale Production of High-Margin Chemicals

Nigeria: Dangote Refinery to Begin Large-Scale Production of High-Margin Chemicals

The Dangote Group is deepening its push into higher-value petrochemicals, with its refinery in Lekki, Lagos set to begin large-scale production of key industrial chemicals, including the ones for plastics and detergents.

Dangote refinery pushes into chemicals as fuel isn't enough

Aliko Dangote's refinery has spent its first two years proving it can make fuel. Now he wants to prove it can do something more profitable.Bloomberg reported on April 20 that Dangote's refinery is pursuing an expansion into high-margin chemicals, a strategic pivot that reflects the limits of pure fuel production and the enormous opportunities sitting in Africa's virtually unmet demand for petrochemicals. The move builds on a suite of moves alrea…