The Dangote Petroleum Refinery and Petrochemicals said it will partner with Vinmar Group, an international petrochemicals distribution company, to bring Dangote polypropylene to global markets.
Dangote’s $2bn Petrochemical plant in Lagos with 830 metric tonnes capacity, began producing polypropylene in March, in 25kg bags for the local market.
According to Reuters, an Executive Director at the Dangote Group, Fatima Dangote, expressed satisfaction with the deal at the launch of the plant on Wednesday.
“We’re pleased to partner with Vinmar to introduce Dangote polypropylene to the global markets,” said Fatima Dangote, an executive director at Dangote Group, at the launch of the facility.
Nigeria currently imports 90 per cent of its annual polypropylene requirements, amounting to 250,000 metric tonnes per year. The Dangote facility plans to meet local demand and become a net exporter of packaging materials.
Fully operational, the facility is set to become Africa’s largest polypropylene production site, producing from two polypropylene units with capacities of 500,000 mt/ per year and 330,000 mt per year.
The PUNCH reports that Dangote Packaging Limited announced plans to expand its polypropylene into the African export market following a production capacity boost facilitated by new machinery being commissioned in the two manufacturing plants.
Chairman of DPL’s Board of Directors, Mr Robert Ade-Odiachi, disclosed that the company is increasing its production from 36 million to 52 million polypropylene bags per month and is on course to increase that figure in the coming years.
“With the current increase in production capacity, DPL is ready to explore markets across West, Central, and Southern Africa,” he said.
