Aliko Dangote acquires gas processing company in Netherlands

Nigeria and Africa's richest man, Aliko Dangote has acquired a Netherlands gas processing company Twister B.V.

According to a statement released by Dangote Industries Limited (DIL) announcing the new deal, the company would help design and build the gas plants which would be vital in processing of gas from oil fields for transportation through Dangote’s planned sub-sea pipeline (EWOGGS) for optimum utilization by various industries and power plants.

“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,” the statement quoted Dangote.

Also speaking on the new deal is the Chief Executive Officer of Twister, John Young who 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 is crucial in this current environment. We are excited to be part of the Dangote family of companies” added Mr Young.

Twister B.V. with its headquarters in the Netherlands was previously owned by Shell Technology Ventures Fund 1.