The Management of Dangote Industries Limited has announced the acquisition of Twister B.V., a company headquartered in the Netherlands.
Twister BV is an engineering company that offers gas processing solutions which can play an essential role in meeting future world energy supply challenges.
Twister B.V. used to be owned by Shell Technology Ventures Fund 1, before its recent acquisition by DIL together with its partner – First E&P. Based on sophisticated patented technology, Twister gas plants are typically cheaper to build and operate compared to alternative technologies, and also deliver better performance levels.
The company has customers in Nigeria, Malaysia, and South America.
The acquisition complements DIL’s portfolio of investments in the upstream, midstream, and downstream segments of the Oil & Gas sector. The company will help design and build the gas plants which would be critical in processing gas from oil fields for transportation via Dangote’s planned sub-sea pipeline (EWOGGS) for ultimate consumption by various industries and power plants.
According to Aliko Dangote, President & CEO Dangote Industries Limited, “This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3 bcfd of gas in order to meet Nigeria’s gas needs.”
Twister’s CEO, John Young 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 recognised 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.”
