Aliko Dangote Acquires Gas Processing Plant in Netherlands
Aliko Dangote has now completed the taking over of Twister B.V., a gas processing company whose headquarters in the Netherlands.
His company, Dangote Industries Limited (DIL) announced the new acquisition. His company said the new acquisition would help design and build the gas plants which would be critical in processinggas from oil fields for transportation via Dangote’s planned sub-sea pipeline (EWOGGS) for ultimate consumption by various industries and power plants.
The statement quotes Dangote as saying
“This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3bcfd of gas in order to meet Nigeria’s gas needs.”
John Young The Chief Executive Officer of Twister said,
“We are delighted in the confidence DIL and First E&P have shown in Twisterto be their core provider of gas separation solutions.After a very thorough due diligence our technology has been recognised as a key enabler to reduce gas project costs which is crucial in this current environment. We are excited to be part of the Dangote family of companies.”
Aliko Dangote is currently building a refinery and fertilizer project that is expected to be in operation in the first quarter of 2019. The projects is expected to cost a minimum of $17 billion.
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