Nigeria’s Dangote Petroleum Refinery has struck a major deal with global distributor Vinmar Group to export its polypropylene to international markets. The partnership follows the March launch of the polypropylene unit of Dangote’s petrochemical plant in Lagos. With a combined annual capacity of 830,000 metric tons, the facility is set to be Africa’s largest polypropylene production site. Nigeria currently imports 90% of its polypropylene needs, so the locally produced polypropylene marks a significant shift in its fortunes. However, Dangote’s goal is not just to meet domestic demand but to position Nigeria as a net exporter, hence the partnership with Vinmar.
Reuters
