Africa's richest man, Aliko Dangote has
completed the acquisition of Twister B.V., a
gas processing company headquartered in
the Netherlands.
A statement by his company, Dangote
Industries Limited (DIL) announcing the new
acquisition, says the new company would
help design and build the gas plants which
would be critical in processing
gas 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.” Chief
Executive Officer of Twister, John Young who
also spoke on the new deal said, “We are
delighted in the confidence DIL and First
E&P have shown in Twister to 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.” 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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