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Honeywell (HON) to Support Major Expansion at Nigeria’s Dangote Refinery by 2028
Yahoo Finance· 2025-12-02 06:31
Group 1: Honeywell's Partnership with Dangote - Honeywell will provide advanced technology and services to Dangote Petroleum Refinery to enhance crude processing capabilities and double production at the Lekki refinery in Nigeria by 2028 [1][2] - The partnership will increase Dangote's refining capacity from 650,000 barrels per day to 1.4 million barrels per day within three years, positioning it as the largest petroleum refinery globally [2] - Dangote will also utilize Honeywell's Oleflex technology, leading to an annual production of 750,000 metric tons of propylene, raising total propylene production to 2.4 million metric tons per year [3] Group 2: Honeywell's Local Initiatives - Honeywell is collaborating with Ramsey County, Minnesota, to implement building automation and energy management systems in 10 ice rinks and the county's Parks and Recreation office [4] - The project aims to reduce annual electricity expenses by approximately 20%, lower operational costs, and improve system resilience, aligning with the county's 2024 Climate Equity Action Plan [4]