Dangote Industries Limited Aquires Gas Processing Company In Netherlands

Aliko Dangote has finalized the acquisition of Twister B.V., according to report a gas processing company headquartered in the Netherlands.

This was revealed in a statement by his company, Dangote Industries Limited (DIL) announcing the new acquisition,
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 recognized as a key enabler to reduce gas project costs which are 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 are expected to cost a minimum of $17 billion.