May 22, (THEWILL) – The first refined Premium Motor Spirit (PMS) or Petrol from Dangote Refinery and Petrochemicals, will hit Nigeria’s local market before end of July, chairman of Dangote Group, Aliko Dangote, said on Monday.
Dangote made the disclosure in his remarks at the official commissioning of the 650,000 barrels-per-day Dangote Refinery at Ibeju-Lekki in Lagos State, on Monday.
He said the facility has a capacity to process 650,000 barrels per day of crude oil (plus 900,000 tonnes of polypropylene) in a single train, making it the largest in the world.
“We have selected the best plants and equipment and the latest technologies from across the world.
“Also, the products slate is designed to meet the highest quality standards of high-value products including Premium Motor Spirit (PMS), Automotive Gas Oil (Diesel), Aviation Turbine Kerosine (ATK); all of Euro V Standards that will enable us not only meet our country’s demand but also to become a key player in the African and global market.
“This commissioning ceremony is just the beginning of a great journey, a milestone in a new and exciting trajectory for the Downstream sector of Nigeria’s Oil and Gas Industry.
“It is our firm commitment that we will replicate in this sector, what we have achieved in the cement and fertilizer markets, where Nigeria transited from being the largest importer of these products to a net exporter.
“Beyond today’s ceremony, our first goal is to ramp up production of the various products to ensure that within this year, we are able to fully satisfy our nation’s demand for high quality products to enable us eliminate the tragedy of import dependency and stop, once and for all, the dumping in our market of toxic sub-standard petroleum products.
“Your Excellencies, Distinquished Guests, our first product will be in the market before the end of July this year”, Dangote said.
He added that the group intended to ensure that the plants are run at the highest capacity utilisation and highest efficiency to enable us to export competitively to other markets, especially in the ECOWAS and the wider Africa region in which 53 countries out of 55 are dependent on imports to meet their petroleum products demand.
Speaking on the refinery’s benefits, Dangote said, beyond the constant availability of high-quality fuels for the Transportation Sector, the Refinery will also make available to local industries, vital raw materials for a wide range of manufacturers in the plastics, pharmaceutical, food and beverages, packaging, construction, and many other inductries.
He added that while the Refinery operation and ancillary businesses will generate massive job opportunities, the downstream value chain will equally provide far more absorptive capacity for labour in hundreds of thousands.
Dangote also noted that once the plant is fully onstream, at least 40 percent of the capacity will be available for export.
“Overall, we are committed to operating our Plant in line with international best practice. Recognizing the importance of protecting the environment, we have adopted stringent environmental, health and safety policies to ensure that the Refinery operates in a safe and sustainable manner”, he added.
