Billionaire entrepreneur Femi Otedola has hailed the Dangote Refinery as a groundbreaking development that will play a pivotal role in Nigeria achieving its 2060 net zero emissions target. Otedola praised Aliko Dangote, the founder of the Dangote Group, for his visionary leadership in establishing the $20 billion refinery.
Environmental Sustainability and Carbon Capture
Otedola emphasized the refinery’s significance in environmental sustainability, highlighting its capability to capture over 90% of carbon emissions. With cutting-edge carbon capture technologies and storage processes, the plant aims to substantially reduce CO2 emissions, contributing to Nigeria’s commitment to achieving net zero emissions by 2060.
Operational Efficiency and Economic Impact
The entrepreneur underscored the refinery’s operational efficiency, noting that it recycles 100% of its water and harnesses heat from the process to generate 50 MW of power. Additionally, the facility is producing Euro 5 to replace environmentally detrimental Euro 5, contributing to cleaner energy practices.
As the 650,000 barrels per day refinery officially begins production, Otedola predicts it will not only champion energy security for Nigeria but also revolutionize economic prospects for the subcontinent. He emphasized the refinery’s capacity to meet Nigeria’s refined petroleum product needs and act as a catalyst for unprecedented economic transformation.
A Symbol of Visionary Leadership
Acknowledging the relentless efforts and vision of Aliko Dangote, Otedola praised him as a dogged patriot. The Dangote Petrochemical complex, comprising the world’s largest single-train petroleum refinery and other facilities, stands as a testament to Dangote’s commitment to excellence and leadership.
In conclusion, Otedola highlighted the refinery’s positive impact on the environment, saving millions of tons of CO2 emissions through efficient shipping and product distribution. He extended his congratulations to Aliko Dangote, asserting that Africa takes pride in his remarkable achievement.
Source：thisdaylive.com
