Mitsui Chemicals, Inc. (Tokyo) signed a Memorandum of Understanding (MOU) aimed at considering comprehensive collaboration with Dangote Industries Ltd. (Lagos, Nigeria), the largest conglomerate in Nigeria, and the consulting firm AAIC Holdings Pte. Ltd. (Singapore; AAIC).
Dangote was founded in 1981 starting with the cement business, and now operates a diverse range of businesses including sugar production, infrastructure, power generation, and real estate. It operates a petroleum refinery and petrochemical complex with a production capacity of 650,000 barrels per day, fertilizers with a capacity of 3 million tonnes per year, cement manufacturing across Africa in 12 countries, continuing to grow as a leading industrial group representing Nigeria.
Through this MOU signing, the companies will jointly explore strengthening and developing regional industries in African countries, including Nigeria.
Mitsui Chemicals, Dangote and AAIC will continue discussions to determine the feasibility of collaboration focusing on technology licensing.