Business Daily·3 min read·medium

Early winners as Lamu refinery project kicks off

C
Constant Munda, Kabui Mwangi
Early winners as Lamu refinery project kicks off
✦AI Summary

Dangote Industries has launched a massive 700,000-barrel-per-day oil refinery project in Lamu, Kenya. The project has awarded over Sh100 billion in contracts to engineering firms like Engineers India Limited and Honeywell Technologies to replicate the success of a similar facility in Nigeria.

Why it matters

This project represents a significant industrial investment in East Africa, potentially boosting regional energy security and creating thousands of jobs.

✦Dive DeeperCreate a free account to unlock

Engineering and technology firms are early winners in the Sh2.1 trillion Dangote Industries oil 700,000-barrel-per-day (bpd) refinery project in Lamu, bagging contracts worth more than Sh100 billion as construction of the facility got underway with an estimated 60,000 jobs expected to be created.

India’s state-owned Engineers India Limited (EIL) has secured a contract worth more than $450 million (Sh58.3 billion), while Honeywell Technologies has been picked for work expected to be worth about $300 million (Sh38.9 billion)—a pairing that matches the technical partners used for Dangote’s Nigerian refinery project in Lekki to replicate its design and success.

EIL will act as Project Management Consultant and Engineering, Procurement and Construction Management consultant, coordinating engineering, procurement and construction while overseeing costs, schedules, quality and safety.

Honeywell will provide process technologies, licensing, engineering services, proprietary catalysts, equipment and digital solutions, drawing on its longstanding relationship with Dangote’s refinery operations in Nigeria.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
businesseconomyworld
✦

Get smarter about the news

Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.

Create free account

Already have an account? Sign in