News
Aliko Dangote Acquires Gas Processing Company In The Netherlands
Dangote Industries Limited (DIL) has completed the acquisition of Twister B.V., a gas processing company headquartered in the Netherlands. In a bid to meet Nigeria’s gas requirements, Dangote industries Limited (DIL) has completed the acquisition of Twister B.V, a company based in the Netherlands.
Twister B.V. used to be owned by Shell Technology Ventures Fund 1, before its recent acquisition by DIL along with its partner – First E&P, delivers reliable, high-yield and robust solutions in natural gas processing and separation to the upstream and midstream oil and gas sectors.
Based on sophisticated patented technology, Twister gas plants are typically cheaper to build and operate compared to alternative technologies, and also deliver better performance levels. The company has customers in Nigeria, Malaysia, and South America.
The acquisition complements DIL’s portfolio of investments in the upstream, midstream and downstream segments of the Oil & Gas sector.
The company will 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.
Speaking on the new acquisition, President and CEO of Dangote Industries Limited, Aliko Dangote said it was an important acquisition.
“Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3 bcfd of gas in order to meet Nigeria’s gas needs,” he said.
“We are delighted with 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,”
Twister’s CEO, John Young.
Follow us on social media:
“God is the greatest” – Video shows moment man miraculously survived without any injury after a tank container falls on his car (Watch)
NLC rejects NBS unemployment rate report, says Tinubu’s government fabricated figures to deceive Nigerians
JUST IN: Uzodinma approves N70000 minimum wage for Imo workers
“Anything VDM says, he’s right” – Verydarkman speaks on Davido recent comment on Nigerian economy (Video)
“Why It’s a sin to marry only one or two wives” – Nollywood actor, Uwaezuoke advises men
INEC Speaks On Manipulating Edo Governorship Election
”Competition has started again” – Reactions trail Regina Daniels and co-wife, Laila’s posts about their husband, Ned Nwoko
Couple reportedly uses doll baby to stand in for their daughter during celebration
-
Celebrity Gossip & Gist1 day ago“Why It’s a sin to marry only one or two wives” – Nollywood actor, Uwaezuoke advises men
-
News1 day agoINEC Speaks On Manipulating Edo Governorship Election
-
Lifestyle1 day ago“Them carry their beef enter Live TV” – Reactions as two female presenters drag with each other during a live broadcast, clip goes viral (Watch)
-
Crime1 day agoTwo Anambra revenue collectors set ablaze by irate mob for causing de@th of innocent bystander