Dangote reveals products planned for Lamu refinery
Billionaire Aliko Dangote has announced a $16 billion investment in a new refinery in Lamu, Kenya, intended to produce petroleum products and industrial materials. The project aims to boost Kenya's industrial capacity and power generation.
Why it matters
This represents one of the largest intra-African investments, highlighting the growing role of regional industrialization in African economic development.
Nigerian billionaire and industrialist Aliko Dangote/HANDOUT
Africa's richest man, Aliko Dangote, has revealed plans for his group's proposed refinery in Lamu, saying the facility will produce a range of petroleum and industrial products for Kenya and the wider East African market.
Speaking on Citizen TV's Explainer ahead of the refinery's launch, Dangote said the facility will produce jet fuel, diesel and petrol, while also supplying raw materials to the plastics industry and other manufacturers.
He said the refinery will also produce polypropylene, which will be supplied to plastic manufacturers, as well as base oil for industrial use.
Dangote said the project will go beyond petroleum products, with plans to increase power generation as part of a wider industrialisation programme.
“We are not only supplying jet fuel, diesel, and gasoline, which is PMS that you use in your car. We are also supplying the plastic industries,” Dangote said.
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