Latest news with #FatimaAlikoDangote
TimesLIVE
22-05-2025
- Business
- TimesLIVE
Nigeria's Dangote refinery agrees to export polypropylene with Vinmar
Dangote Petroleum Refinery and Petrochemicals said it will partner with Vinmar Group, an international petrochemicals distribution company, to bring Dangote polypropylene to global markets. Dangote's $2bn (R36.05bn) petrochemical plant in Lagos with 830 metric ton (mt) capacity, began producing polypropylene in March, in 25kg bags for the local market. "We're pleased to partner Vinmar to introduce Dangote Polypropylene to the global markets," said Fatima Aliko Dangote, an executive director at Dangote Group at the launch of the facility on Wednesday. Nigeria currently imports 90% of its annual polypropylene requirements amounting to 250,000mt per year. The Dangote facility seeks to not only meet local demand but become a net exporter Fully operational, the facility is set to become Africa's largest polypropylene production site, producing from two polypropylene units with capacities of 500,000mt/year and 330,000mt/year.
Business Insider
22-05-2025
- Business
- Business Insider
Dangote refinery to begin new product export after capacity boost
The Dangote Petroleum Refinery and Petrochemicals announced a partnership with Vinmar Group, a global petrochemicals distributor, to introduce Dangote polypropylene to international markets. Dangote Petroleum Refinery announced a partnership with Vinmar Group to introduce polypropylene internationally. The petrochemical plant in Lagos, with an 830 metric tonne capacity, began polypropylene production in March. The facility aims to satisfy local demand and export surplus, advancing Nigeria's self-sufficiency. The Dangote Petroleum Refinery and Petrochemicals announced a partnership with Vinmar Group, a global petrochemicals distributor, to introduce Dangote polypropylene to international markets. Dangote's $2 billion Petrochemical Plant in Lagos, which has a production capacity of 830 metric tonnes, started producing polypropylene in March, packaging it in 25kg bags for the local market. Fatima Aliko Dangote, group executive director (commercial), of Dangote Group, said the deal reflects the company's drive to make Dangote Polypropylene a world-class brand. 'We're pleased to partner with Vinmar to introduce Dangote Polypropylene to the global markets. It will follow other Dangote products to become a global brand known for quality and reliability,' she said. Polypropylene is a type of plastic polymer made from the chemical compound propylene. The polypropylene grades produced are tailored for key sectors such as packaging, automotive, textiles, and construction, thanks to their durability, lightweight nature, and chemical resistance. Scaling up production Nigeria currently imports 90% of its annual polypropylene needs, totaling around 250,000 metric tonnes per year. Nigerian manufacturers estimate that Dangote's new polypropylene production could save the country $267 million. The Dangote facility aims not only to meet local demand but also to become a net exporter. Earlier this month, the company said it is increasing its production from 36 million to 52 million polypropylene bags per month and is on course to increase that figure in the coming years. With this increased capacity, Dangote Petroleum Limited (DPL) will expand its reach into markets across West, Central, and Southern Africa.
Business Insider
22-05-2025
- Business
- Business Insider
Dangote refinery to begin new product after capacity boost
The Dangote Petroleum Refinery and Petrochemicals announced a partnership with Vinmar Group, a global petrochemicals distributor, to introduce Dangote polypropylene to international markets. Dangote Petroleum Refinery announced a partnership with Vinmar Group to introduce polypropylene internationally. The petrochemical plant in Lagos, with an 830 metric tonne capacity, began polypropylene production in March. The facility aims to satisfy local demand and export surplus, advancing Nigeria's self-sufficiency. The Dangote Petroleum Refinery and Petrochemicals announced a partnership with Vinmar Group, a global petrochemicals distributor, to introduce Dangote polypropylene to international markets. Dangote's $2 billion Petrochemical Plant in Lagos, which has a production capacity of 830 metric tonnes, started producing polypropylene in March, packaging it in 25kg bags for the local market. Fatima Aliko Dangote, group executive director (commercial), of Dangote Group, said the deal reflects the company's drive to make Dangote Polypropylene a world-class brand. 'We're pleased to partner with Vinmar to introduce Dangote Polypropylene to the global markets. It will follow other Dangote products to become a global brand known for quality and reliability,' she said. Polypropylene is a type of plastic polymer made from the chemical compound propylene. The polypropylene grades produced are tailored for key sectors such as packaging, automotive, textiles, and construction, thanks to their durability, lightweight nature, and chemical resistance. Scaling up production Nigeria currently imports 90% of its annual polypropylene needs, totaling around 250,000 metric tonnes per year. Nigerian manufacturers estimate that Dangote's new polypropylene production could save the country $267 million. The Dangote facility aims not only to meet local demand but also to become a net exporter. Earlier this month, the company said it is increasing its production from 36 million to 52 million polypropylene bags per month and is on course to increase that figure in the coming years. With this increased capacity, Dangote Petroleum Limited (DPL) will expand its reach into markets across West, Central, and Southern Africa. Once fully operational, the facility will be Africa's largest polypropylene production site, with two production units capable of producing 500,000 mt/year and 330,000 mt/year respectively.
Business Insider
22-05-2025
- Business
- Business Insider
Dangote refinery to begin polypropylene export after capacity boost
The Dangote Petroleum Refinery and Petrochemicals announced a partnership with Vinmar Group, a global petrochemicals distributor, to introduce Dangote polypropylene to international markets. Dangote Petroleum Refinery announced a partnership with Vinmar Group to introduce polypropylene internationally. The petrochemical plant in Lagos, with an 830 metric tonne capacity, began polypropylene production in March. The facility aims to satisfy local demand and export surplus, advancing Nigeria's self-sufficiency. The Dangote Petroleum Refinery and Petrochemicals announced a partnership with Vinmar Group, a global petrochemicals distributor, to introduce Dangote polypropylene to international markets. Dangote's $2 billion Petrochemical Plant in Lagos, which has a production capacity of 830 metric tonnes, started producing polypropylene in March, packaging it in 25kg bags for the local market. Fatima Aliko Dangote, group executive director (commercial), of Dangote Group, said the deal reflects the company's drive to make Dangote Polypropylene a world-class brand. 'We're pleased to partner with Vinmar to introduce Dangote Polypropylene to the global markets. It will follow other Dangote products to become a global brand known for quality and reliability,' she said. Polypropylene is a type of plastic polymer made from the chemical compound propylene. The polypropylene grades produced are tailored for key sectors such as packaging, automotive, textiles, and construction, thanks to their durability, lightweight nature, and chemical resistance. Scaling up production Nigeria currently imports 90% of its annual polypropylene needs, totaling around 250,000 metric tonnes per year. Nigerian manufacturers estimate that Dangote's new polypropylene production could save the country $267 million. The Dangote facility aims not only to meet local demand but also to become a net exporter. Earlier this month, the company said it is increasing its production from 36 million to 52 million polypropylene bags per month and is on course to increase that figure in the coming years. With this increased capacity, Dangote Petroleum Limited (DPL) will expand its reach into markets across West, Central, and Southern Africa.
Reuters
22-05-2025
- Business
- Reuters
Nigeria's Dangote refinery agrees to export polypropylene with Vinmar
LAGOS, May 22 (Reuters) - The Dangote Petroleum Refinery and Petrochemicals said it will partner with Vinmar Group, an international petrochemicals distribution company, to bring Dangote polypropylene to global markets. Dangote's $2 billion Petrochemical Plant in Lagos with 830MT tonnes capacity, began producing polypropylene in March, in 25kg bags for the local market. "We're pleased to partner Vinmar to introduce Dangote Polypropylene to the global markets," said Fatima Aliko Dangote, an executive director at Dangote Group at the launch of the facility on Wednesday. Nigeria currently imports 90% of its annual polypropylene requirements amounting to 250,000 metric tonnes per year. The Dangote facility seeks to not only meet local demand but become a net exporter Fully operational, the facility is set to become Africa's largest polypropylene production site, producing from two polypropylene units with capacities of 500,000 mt/year and 330,000 mt/year.
