*** Targets $1.2 billion turnover annually
Dangote Petroleum Refinery and Petrochemicals – FZE has announced an exclusive partnership with Premier Product Marketing LLC, a Vinmar Company to bring Dangote Polypropylene to global markets outside Nigeria and Africa.
This strategic agreement coincides with the Launch of Polypropylene Production at Dangote world’s – class refinery and petrochemical complex in Lekki, Nigeria. The State – of – the – art plant utilised INEOS’s proven INNOVENE technology, to produce high – quality polypropylene grades for a wide range of applications in industries such as packaging, automotive textiles and construction.
“We’re pleased to partner Vinmar to Introduce Dangote Polypropylene to the global markets” said Hajiya Fatima Dangote, Group Executive Director (Commercial), Dangote Group. “The Dangote Polypropylene will follow other Dangote products to become a global brand known for quality and reliability.
Vishal Gorada, CEO of Vinmar Group, added: “We are proud to expand our relationship with Dangote through this important partnership. Vinmar has been honoured to count Dangote as valued customer in Nigeria for decades, and we are thrilled to now support the global launch of Dangote Polypropylene’.
The $2 billion petrochemical plant, located in Ibeju – Lekki, Lagos, is designed to produce 77 grades of Polypropylene with annual capacity of 900,000 metric tonnes and an expected turnover of $1.2 billion. The facility is positioned to meet growing demands in Plastic Processing Industries globally.
Established in 1978, Vinmar is a global leader in the marketing and distribution of petrochemicals, employed over 1,500 people across 58 office worldwide, and serving customers in more than 110 Countries.
“Polypropylene is a rigid, semi – crystalline Thermoplastic that was first polymerised in 1951 and is used widely today in a range of domestic and industrial applications”.
“Today, global demand for Polypropylene is estimated around 45 metric tons and the figure continues to rise exponentially.
