World

The Dangote Group will Use 53% of Refinery Capacity in Petrol Production

Published

6 years ago

August 6, 2019

Nigerian multinational industrial conglomerate, The Dangote Group has announced that it will use 53% of the crude oil in the production of petrol after completion of its refinery. Dangote’s refinery has a capacity to produce 650,000 barrels of crude oil per day and the company will dedicate 344,50 barrels per day production in the production of petrol. The President and Chief Executive Officer of Dangote Group, Aliko Dangote, said that his company is not in competition with the refineries owned by the corporation.

Dangote refinery has a capacity to refine 650,000 barrels of crude oil per day, which is more than the total capacity of the four refineries owned by the NNPC. The corporation’s latest operation report shows that all four refineries produce 445,000 barrels per day together. NNPC’s refineries are delivering half of their consolidated capacity in terms of crude oil refining. Currently, the four of Nigeria’s refineries are under the management of the NNPS and are not able to make a considerable profit since May 2018. Nigerian refineries under NNPC include Warri Refining and Petrochemical Company, two plants at Port Harcourt Refining Company and Kaduna Refining and Petrochemical Company.

The Dangote Group’s business approach of the Dangote Refinery does not see the NNPC as a competitor but as a collaborator. Dangote Refinery believes heavily on the corporation’s knowledge of the refining business in Nigeria, according to Aliko Dangote. The collaboration of both the business may bring many new projects and encourage the employees to take a proper oil refining course to succeed in Nigeria.

Dangote said, “The most important thing for us is to see how we can partner with the NNPC; it is not to see how we can compete with the NNPC. We would like the NNPC to be part of us and we also want to be part of the NNPC. I think that is the only way we can achieve a win-win situation.”

World

Turkish Textile Giant Sun Textile Solution Proposal for Drought

Published

12 hours ago

February 4, 2025

Jenny Jackson

While the World Health Organization (WHO) and the United Nations (UN) are seeking solutions to combat drought through various projects, Ekoten Textile, a subsidiary of Turkey’s textile giant Sun Textile, has developed a groundbreaking project in collaboration with a technology startup to minimize the intensive water consumption in the textile industry. This pioneering project, the first of its kind globally, will enable the recycling and reuse of up to 90% of the water used in textile production.

Drought is one of the most pressing issues facing the world today. According to WHO data, 40% of the global population is struggling with water scarcity. By 2030, up to 700 million people could be forced to migrate due to drought. The unconscious use of water in global production processes plays a significant role in the rapid depletion of clean water resources.

The textile industry is one of the sectors with the highest water consumption. In Turkey, while the food industry consumes 22% of the water used for industrial purposes, the textile sector follows closely with 18%. For instance, producing an average of 40 tons of products daily requires 2,500 tons of water, equivalent to the daily water consumption of approximately 10,000 people.

CLEAN WATER RESOURCES FOR HUNDREDS OF THOUSANDS OF PEOPLE EVERY DAY!

In textile production, where clean water resources are heavily consumed, the innovative success of the Turkish company stands out as a global best practice. This initiative will shape the future of the industry. The wastewater recycling project, developed through intensive R&D efforts, will ensure that over 90% of the required water is sourced from recycled supplies.

The reuse of wastewater in production will transform the fate of countries operating in the textile sector. By preventing the use of clean water resources for textile production, this project will free up clean water sources that can meet the daily needs of hundreds of thousands of people.

R&D ACTIVITIES IN 38 COUNTRIES WITH 380 PARTNERS!

Sun Textile places great emphasis on R&D activities, conducting research and development efforts with 380 partners across 38 countries. Sun Textile and its subsidiary Ekoten Textile export nearly 90% of their production, solidifying their identity as a leading exporter. The company ships products to numerous destinations worldwide, including European countries, the UK, and the US. Sun Textile, the leading ready-to-wear exporter in the Aegean Region, achieved a consolidated turnover of 250 million euros in the third quarter of 2024, continuing its active growth trajectory.

OFFERING CUSTOM DESIGNS TO CUSTOMERS

Sun Textile provides its own designed collections to leading brands in Europe and the UK. Ekoten Textile, its subsidiary, is among the most respected knitted fabric manufacturers in Turkey and Europe.

With a dedicated sales team for each major customer group and five design offices in three different countries, Sun Textile creates designs tailored to its customers’ needs. Its largest clients include the Inditex Group, H&M, Jimmy Key, Tesco, Kiabi, Marks & Spencer, and Next.

Sun Textile also extends its sustainability approach to social responsibility, notably for its high ratio of female employees. The company, which went public in 2022, is also listed in dividend indexes.