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Business News

World largest ‘atmospheric tower’ leaves China for Dangote refinery

Work is underway to meet the 2020 set-date for production at the @DangoteGroup refinery, as @SinopecNews announced that it had shipped a piece of vital equipment which would be installed at the Dangote refinery.

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Dangote Refinery Atmospheric tower

Work is underway to meet the 2020 date set for the commencement of production at the Dangote refinery, as China Petroleum & Chemical Corporation announced that it had shipped a piece of vital equipment which would be installed at the Dangote Refinery.

The Chinese company, which is also known as Sinopec Corporation said the equipment, ‘atmospheric tower’, is the world’s largest and it set sail yesterday, July 29, 2019. The Chinese oil and gas company based in Beijing, China, didn’t reveal when the equipment is expected to reach the shores of Nigeria, but there is a projection that it will reach Nigeria in the next one month.

What’s an atmospheric tower? According to McKinsey Energy Insight, Atmospheric distillation also known as ‘atmospheric tower’, is the first and most fundamental step in the refining process. The primary purpose of the atmospheric distillation tower is to separate crude oil into its components (or distillation cuts, distillation fractions) for further processing by other processing units.

Dangote Refinery Atmospheric tower

Dangote Refinery Atmospheric tower

[READ ALSO: Why Dangote petrol will not be sold at FG’s regulated price]

The Dangote Refinery, when completed, will be the largest in Africa. It is expected to average 650,000 barrels per day. According to Aliko Dangote, the founder of Dangote Group, the refinery which would cost between $12-$14 billion would be completed in 2019, with the commencement of production planned for 2020.

The feasibility of the planned date: According to Citac analyst, Jeremy Parker, the time-frame set for production is not realistic, considering the content the refinery will be producing. Citac said it’s expecting operation to begin three years after the projected date. This means that to the analyst, production would commence in 2023.

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Parker, however, commended the shipment of the atmospheric tower.

“This is a major milestone, but there is still much work to be done, both in terms of sourcing the other units and interconnection at the site.”

Dangote Refinery Atmospheric tower

Dangote Refinery’s Atmospheric Tower

The benefit of the refinery to Nigeria: Apart from increasing the number of production per day, the refinery will provide jobs to local contractors for the development of the plant and maintenance of the refinery.

According to a report, as part of his plan to contribute to the Nigerian content development initiative, Dangote has already awarded $368 million worth of contracts to 120 local contractors that will see to the development of the refinery and petrochemical project.

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[READ ALSO: How Jos inspired Finnish entrepreneur, Mira Mehta, to establish famous ‘Tomato Jos’]

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While speaking of the essence of the Dangote Refinery, which includes providing employment opportunities, Group Executive Director, Strategy, Portfolio Development and Capital Projects, Devakumar Edwin, acknowledged that enormous expertise would be needed.

Edwin also stated that the Dangote Refinery would be equipped enough to export petrol, diesel, and kerosene. It would also make aviation fuel available for local needs.

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Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

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Tech News

Netflix competes with TikTok, launches rival product

Netflix has launched a new feature that will allow users to watch, react,r share short clips and more.

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Netflix users increase by 16 million in Q1 2020

Netflix, the world’s leading video streaming platform has launched a new feature called “Fast Laughs” that will allow users to watch, react or share short clips as well as add the show or movie to a Netflix watchlist or you can simply tap the “Play” button to start watching the show immediately.

Similar to Tiktok or Instagram’s Reel, Fast Laughs features full-screen videos that you can swipe through vertically, and places the engagement buttons on the right side of the screen. These buttons let you react to the clip with a “LOL” (crying/laughing) emoji or share it via iMessage or other social media apps, like WhatsApp, Instagram, Snapchat, or Twitter. The only difference is that there is no comment button yet.

Users can access the feed through the bottom navigation menu by clicking on the Fast Laughs tab. The clips will start playing automatically when one ends another begins.

The feature will include a full-screen feed of funny clips from Netflix’s big comedy catalog including films like “Murder Mystery”, series like “Big Mouth’’, sitcoms like the ‘Crew’’ and stand-up from comedians like Kevin Hart and Ali Wong.

Fast laugh is currently available for iPhone users in select countries, and Netflix will be testing on Android soon.

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Business News

Apapa gridlock: Sanwo-Olu explains how his administration solved the problem

The Governor said the electronic Call-Up was designed to permanently address the movement of trailers in and out of the ports.

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Lagos, Sanwo-Olu, Businesses that must remain closed after May 4

The Lagos State Governor, Babajide Sanwo-Olu, has explained how his administration in partnership with the Nigerian Ports Authority (NPA) and other stakeholders in the maritime sector was able to get the heavy articulated vehicles off the road around the Apapa axis and improve traffic along that corridor.

This is as the governor has warned that the state government would resist any attempt by individuals and maritime operators that may want to reverse the progress being recorded along the Apapa corridor.

This disclosure was made by Sanwo-Olu on Wednesday while speaking at the formal hand over of newly improved 3 traffic-prone junctions along the Lekk-Epe expressway.

The Governor said the electronic Call-Up System launched, last Saturday, in the Apapa seaports was designed to permanently address the movement of trailers in and out of the ports, and bring about traffic improvement along the corridor.

What Governor Babajide Sanwo-Olu is saying

While sharing the details, the Governor described the progress recorded in Apapa as a hard-won, disclosing that it took the State Government over a year to bring together all stakeholders on the discussion table to agree on a far-reaching approach to permanently address the problem.

Sanwo-Olu said, “What we are seeing is the beginning of the lasting solution we have brought to Apapa. Our appeal is that we are not out of the problem completely yet. Our citizens can now see that a journey that took them three hours can, indeed, take between 15 and 20 minutes to commute. Everyone can now see that when we work together, indeed we can solve our problems internally.

“We have taken some troublesome people that are benefiting from the gridlock out of the way. Whatever they were earning illegally has been taken away from them. We know they will want to make an attempt to fight back. We will not stop at anything to ensure that anybody that tries to retract the progress or wants to take us back to gridlock in Apapa will be fought against. We will bring out their names and shame them.

The Governor vowed that any corporate organisation, security operative, NPA or State Government official who attempts to circumvent the newly instituted traffic procedures around the Apapa seaports would be named and shamed publicly.

The Governor said the State was serious about bringing a lasting solution to the Apapa congestion, stressing that the Government could no longer condone the careless attitude of truckers clogging the highways with heavy-duty vehicles.

He said part of the State’s efforts was to approach the Federal Government for the unbundling of the inefficient Presidential Taskforce on Apapa gridlock and took over the traffic management in the area.

Sanwo-Olu added that State Government also met with stakeholders, including the Federal Ministry of Transportation, Maritime operators and seaports unions.

He said: “I commend NPA’s Managing Director and management for working with us on this agenda. My appeal is to other stakeholders in the maritime sector who have not signed up on the electronic Call-Up System we have embarked on. I call the big logistics companies, including Sifax, Dangote, Flour Mills, Tunde Folawiyo and others, to come and collaborate with us on this progress.

“Let us have a system that our citizens will be proud of. We will stop at nothing to sustain the progress achieved. Our team will be working round the clock to keep the system working. This is one of our modest efforts to deliver what we promised in solving traffic and transportation challenges. We will not relent in doing anything required to ensure traffic improvement in Apapa.”

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What you should know

  • Following the withdrawal of the Presidential Task Force on port congestion, the Lagos State Governor, Babajide Sanwo-Olu, set up a Special Traffic Management Team to resolve the traffic gridlock in and around the Apapa corridor.
  • The Electronic Truck call-up system, Eto, which was designed and launched by NPA for the management of truck movement and access to and from the Lagos ports and to end the gridlock in and around the ports, formally took off last weekend.
  • During the implementation of the new system, all trucks doing business at the ports will be required to park at the approved truck parks until they are called up into the port through the Eto app.

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