Strategic business move, Dangote acquires gas plant in Netherlands
By CHIDO NWANGWU
In yet another expansion of his business clout and strategic position, the man reputed as Africa’s richest person and the Chief Executive Officer of the Dangote Industries Limited, Aliko Dangote, has completed the acquisition of a gas plant, Twister B.V., a company headquartered in The Netherlands.
Dangote noted that “This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about three bcfd of gas in order to meet Nigeria’s gas needs.”
On his part, Twister’s CEO, John Young, 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.” According to the statement obtained by USAfricaonline.com, Twister B.V. delivers reliable, high-yield and robust solutions in natural gas.
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