The company, in a statement on Sunday, described it as the world’s largest single-train refinery, with a capacity of 650,000 barrels per day.
It said the high volume of petroleum products from the refinery, located in Lagos, would transform Nigeria from a petrol import-dependent country to an exporter of refined petroleum products.
According to the statement, the company’s plan is to satisfy Nigeria’s demand for petrol, aviation fuel, kerosene and diesel, leaving a surplus for export.
The Group Executive Director, Strategy, Capital Projects and Portfolio Development, DIL, Devakumar Edwin, said the refinery was being designed to accommodate multiple grades of domestic and foreign crude, and process them into high-quality petrol, diesel, kerosene, and aviation fuels that would meet Euro V emissions’ specifications, plus polypropylene.
He said the refinery would also include a crude distillation unit, single-train residual fluid catalytic cracking unit, diesel hydro-treating unit, continuous catalyst regeneration unit, alkylation unit, and a polypropylene unit.
“The project will provide thousands of direct and indirect jobs and add value to Nigeria’s economic development. It will lead to significant skills transfer and technology acquisition opportunities in the country,” he added.
Edwin said the company was also constructing the largest fertiliser plant in West Africa with the capacity to produce three million tonnes of urea per year.
According to him, the Dangote fertiliser complex consists of ammonia and urea plants with associated facilities and infrastructure.
“Dangote fertiliser project is planned to possess unique features like having the largest granulated urea fertiliser complex under development in the global fertiliser industry, with an investment of $2.0bn and a capacity of three million tonnes per annum, covering some 500 hectares of land,” he added.
Edwin said Dangote fertiliser would guarantee a substantial saving of foreign exchange in Africa and create surplus urea for farmers to enhance production of food grains and vegetables.
He noted that the fertiliser plant’s core indication included a massive employment generation, which would lead to a reduction of migration of people from rural to urban centres.