Dangote Group has signed a $400 million agreement with XCMG Construction Machinery Co., Ltd. to acquire advanced construction equipment as it accelerates the expansion of its petroleum refinery and broader industrial operations. The investment is aimed at strengthening construction capacity across its refining, petrochemical, agricultural and infrastructure projects.
The deal will support the scale up of the Dangote Petroleum Refinery and Petrochemicals from its current 650,000 barrels per day to 1.4 million barrels per day. Once completed, the refinery is projected to become the largest in the world. The company expects to deliver the expansion within three years.
The programme also includes a major increase in petrochemical output. Polypropylene production will rise from 900,000 to 2.4 million metric tonnes annually, while Nigeria’s urea capacity will triple from 3 million to 9 million metric tonnes per year. With an additional 3 million metric tonnes capacity in Ethiopia, the group aims to consolidate its position as the world’s largest urea producer. Linear alkyl benzene output will expand to 400,000 metric tonnes annually, alongside additional base oil production, supporting its long-term ambition to build a $100 billion enterprise by 2030.
