Dangote Industries Limited has signed a memorandum of understanding (MoU) with Japan’s Mitsui Chemicals to jointly develop petrochemical production in Nigeria.
According to a statement issued by Mitsui Chemicals, the partnership will leverage feedstock from Dangote’s 650,000-barrel-per-day refinery in Lagos.
Industry analysts told S&P Global that Mitsui will provide technology transfer for the production of resins and fertilisers, while Dangote will supply raw materials from its refinery.
The Japanese company highlighted that the collaboration would “strengthen living foundations and support regional industries in Africa, including Nigeria.”
The agreement was signed during the Tokyo International Conference on African Development in Yokohama, with AAIC Holdings facilitating wider Japanese corporate participation in Africa’s petrochemical sector.
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For Dangote, the move represents a major step in expanding its footprint in the regional chemicals market, building on existing operations that include a 900,000 mt/year polypropylene plant launched in March 2025.
Dangote has already positioned itself as a key player in polymer production, targeting the replacement of 250,000 mt/year of Nigerian imports.
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Earlier this year, the company also secured a $4bn loan led by the African Export-Import Bank and signed an exclusive distribution deal with Vinmar to export its products outside Africa.
The firm, which formally inaugurated its refining and petrochemicals complex in January 2024, has announced plans to raise its oil refining capacity to 700,000 barrels per day and establish storage hubs in countries such as Namibia.
The recent partnership with Mitsui is seen as a strategic move to boost technology transfer and enhance West Africa’s petrochemical self-sufficiency.
Image Credit: The Nigerian Inquirer
