Dangote Group $400M Equipment Deal

Dangote Group has signed a $400 million construction equipment agreement with XCMG, a leading Chinese manufacturer. This strategic investment aims to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals, increasing its capacity from 650,000 to 1.4 million barrels per day, positioning it to become the largest refinery globally. The acquired equipment will support ongoing and future projects across refining, petrochemicals, agriculture, and large-scale infrastructure development. The expansion program also includes increasing polypropylene production from 900,000 to 2.4 million metric tonnes per annum, tripling Nigeria's urea output to 9 million metric tonnes per annum (in addition to 3 million metric tonnes per annum in Ethiopia), and expanding Linear Alkyl Benzene production to 400,000 metric tonnes per annum. This initiative aligns with Dangote Group's long-term vision to build a $100 billion enterprise by 2030, strengthening its position as a major industrial player in Africa.