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Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel - Politics (3) - Nairaland

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Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by otemeh01(m): 4:08pm On Jun 25, 2023
Zionmdde:

Bro CNG is compressed natural gas. You need to channel the gas to a compressor for compression to required pressure

Gas processing is removing impurities like h2s, co2, water from the gas.
Butane, propane are all LPG not Natural gas.


For ur info, the highest component u can get in commercial quantity from associated and non associated gas is ethane, butane and propane, the rest are only gotten in refinery including AGO

So ANOH gas is only purifying gas,
There is no Compression going on there

I don't need Google to research that. You are the one who needs good
You are not even reading with understanding. Where did I said natural gas is ethane or butane? I even put methane in bracket to signify that I was calling it natural gas and not the rest as u have said.
LPG with is mainly propane and butane is referred to as liquified petroleum gas. Tell me, how do u liquefy a gas without compression? All gas processing plant makes use of a compressor.


Ps. Don't rush to argue. Read my point again.
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Westerhoffe(m): 4:15pm On Jun 25, 2023
vanunu:



Time will tell who is right between you and the OP,

enjoy your Sunday.

And by then, everyone would have forgotten this post.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by 07kjb: 4:25pm On Jun 25, 2023
Typing:


Intellectual that is jobless. Intellectual who still hawk Gala and fake phone chargers on traffic. Go chop your intellectuality. grin grin grin

You talk like an idiot

3 Likes 1 Share

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by ruffhandu: 4:35pm On Jun 25, 2023
SSFeedsNigeria:
Anyone who has been to Ajaokuta Iron and Steel complex will be bewildered at how massive it is. One can drive for several miles and still be inside Ajaokuta steel complex. It cost Nigeria billions of dollars to build this elephant project. The community also lost vast lands that could have been used for agriculture or other productive ventures.

Today, Dangote refinery is dangerously following in the paths Ajaokuta steel took many years ago. The prognosis is even looking much worse for Dangote refinery when you consider that Dangote refinery is being built very far away from its source of raw material unlike Ajaokuta steel that was built on the site of huge iron ore deposit.

Worse still, instead of building an average sized refinery, maybe 50,000bpd capacity, he chose to build the world's largest single train refinery in 2023! This poor decision shows that Dangote is far from being astute an businessman/investor as aclaimed. Aside having his ego massaged, Dangote hoped to monopolize Nigeria's downstream oil sector, same way he did with cement and sugar. But unfortunately for him, it has backfired.

If Dangote didn't allow greed to come over him, he would have built a 50,000bpd refinery and he would have completed it since. But that capacity won't give him the monopoly he wants so he ended up building a refinery that can't be completed.

Already, many countries, particularly in Europe, America and Asia are fast transitioning to electric cars. Nigeria has now removed the bureaucracy that made power generation unviable, so very soon, electricity is going to be constant. By then used electric cars would start flooding third world countries, including Nigeria. As if that isn't bad enough for the future prospects of Dangote refinery, gas is now more abundant, cheaper, cleaner and also receiving huge investments. Innoson had earlier converted over 10,000 vehicles in Benin to run on CNG and the company is also expanding on that project.

Now that it has overstretched its limits on borrowing, how would they be able to raise more funds to complete the refinery?


So, let's assume that Dangote refinery is able to come on stream by 2025, then where is he going to find market for its products? With the options for CNG and electric powered vehicles which are both traditionally cheaper, who will want to buy fuel again? Even household generators won't be needed again in the near future.

All these indications show that Dangote refinery is very likely going to end up moribond like Ajaokuta steel.

I said it somewhere that the.end of oil has started and some who lack understanding came for me, I still stand on that. In Kano, as we speak, a young man has fitted Keke and some commercial mini buses with 100% electric power, he is still improving.
The only option Dangote has now is to do what he is known for, use govt to frustrate all other petroleum importers. Can you imagine what the idiot sought and got? Make him the sole supplier of refined product, even if he is out of product, only him can import. If he had gotten away with that (which he would have if the dullard was still the president), he would have claimed his refinery is now running, and then he will import fuel to his yard and sell from a yet-to-function refinery.
The kind of economic revolution that will happen in Nigeria in the next 5 years will shock the demons called politicians.

As we speak, some people has already jettisoned petrol, and the number can only increase. Yes, I agree with you, dangote may perish with his monopoly if he doesn't bribe or blackmail tinubu.

6 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Zionmdde: 4:51pm On Jun 25, 2023
otemeh01:

You are not even reading with understanding. Where did I said natural gas is ethane or butane? I even put methane in bracket to signify that I was calling it natural gas and not the rest as u have said.
LPG with is mainly propane and butane is referred to as liquified petroleum gas. Tell me, how do u liquefy a gas without compression? All gas processing plant makes use of a compressor.


Ps. Don't rush to argue. Read my point again.
All gas processing plants make use of compressor, u are very correct. But a compressor used for gas processing cannot even raise gas pressure enough to push gas kilometers talk less of compressing it. Bro sorry to say this u are a bit naive, but you are still trying
LPG is not obtained as a result of compression, it is not LNG. LPG is obtained from wet natural gas or refining petroleum, compression is not one of the main processes. Infact the compressor there is to push gas just like pushing water.

That being said, ANOH won't produce any CNG
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Femmyfamous4u(m): 4:54pm On Jun 25, 2023
SSFeedsNigeria:
Anyone who has been to Ajaokuta Iron and Steel complex will be bewildered at how massive it is. One can drive for several miles and still be inside Ajaokuta steel complex. It cost Nigeria billions of dollars to build this elephant project. The community also lost vast lands that could have been used for agriculture or other productive ventures.

Today, Dangote refinery is dangerously following in the paths Ajaokuta steel took many years ago. The prognosis is even looking much worse for Dangote refinery when you consider that Dangote refinery is being built very far away from its source of raw material unlike Ajaokuta steel that was built on the site of huge iron ore deposit.

Worse still, instead of building an average sized refinery, maybe 50,000bpd capacity, he chose to build the world's largest single train refinery in 2023! This poor decision shows that Dangote is far from being astute an businessman/investor as aclaimed. Aside having his ego massaged, Dangote hoped to monopolize Nigeria's downstream oil sector, same way he did with cement and sugar. But unfortunately for him, it has backfired.

If Dangote didn't allow greed to come over him, he would have built a 50,000bpd refinery and he would have completed it since. But that capacity won't give him the monopoly he wants so he ended up building a refinery that can't be completed.

Already, many countries, particularly in Europe, America and Asia are fast transitioning to electric cars. Nigeria has now removed the bureaucracy that made power generation unviable, so very soon, electricity is going to be constant. By then used electric cars would start flooding third world countries, including Nigeria. As if that isn't bad enough for the future prospects of Dangote refinery, gas is now more abundant, cheaper, cleaner and also receiving huge investments. Innoson had earlier converted over 10,000 vehicles in Benin to run on CNG and the company is also expanding on that project.

Now that it has overstretched its limits on borrowing, how would they be able to raise more funds to complete the refinery?


So, let's assume that Dangote refinery is able to come on stream by 2025, then where is he going to find market for its products? With the options for CNG and electric powered vehicles which are both traditionally cheaper, who will want to buy fuel again? Even household generators won't be needed again in the near future.

All these indications show that Dangote refinery is very likely going to end up moribond like Ajaokuta steel.

Your post is hate filled. There is already market for the refinery; The while of west Africa is waiting for it to begin operations. You can't compare private investment with government.

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Jlow2: 5:02pm On Jun 25, 2023
adecz:

People don't realize how dangerous
gas powered vehicles are.

After one or two gas powered cars
explode with passengers, our brains go
reset back to petrol.

For say it meets regular safety standards,
America and Britain for don dey use am, tey tey.

Even for Nigeria, kerosene sef dey
explode, talk less of working gas put
for passenger and private vehicles. Here wey
we no get any set of safety standards. For Nigeria, cow, goat, rams pigs dey travel
together inside one passenger vehicle

Dangote's problem is that he focuses
too much on bribing government officials
To give him unfair advantage over competitors.

On his own, Buhari was focused on putting
all the nation's wealth in the hands of
Muslim northerners. Oil, Ports, Customs,
Immigration, Finance, Airways, Agriculture etc.
and they obliged him by stealing trillions,
unchallenged❗️❗️

E no go ever better for Buhari and his
coming generations for the poverty he unleashed on this country🇳🇬🇳🇬🇳🇬
local content, but you cook with your gas burner on the cylinder, and only half of one over 10 has exploded
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 5:03pm On Jun 25, 2023
07kjb:


You talk like an idiot

Crying intellectual grin grin grin grin

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by akakurukukaku(m): 5:14pm On Jun 25, 2023
adecz:



Outside Nigeria, have you ever heard
of kerosene exploding and killing dozens❓❓


Stop being a chronically naive individual.😕😕

The kerosenes were adulterated - mixed with fuel
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by otemeh01(m): 5:14pm On Jun 25, 2023
Zionmdde:

All gas processing plants make use of compressor, u are very correct. But a compressor used for gas processing cannot even raise gas pressure enough to push gas kilometers talk less of compressing it. Bro sorry to say this u are a bit naive, but you are still trying
LPG is not obtained as a result of compression, it is not LNG. LPG is obtained from wet natural gas or refining petroleum, compression is not one of the main processes. Infact the compressor there is to push gas just like pushing water.


That being said, ANOH won't produce any CNG
Well, LPG is obtained as a result of compression and refrigeration. They are all gas and not liquid in its natural state. To liquefy LPG, u just have to compress it and u will need a reciprocating compressor for that at least. Compressors required for CNG production on the other hand are extremely powerful compressor. So if ANOH decides to install such compressor in their facilities, they would produce CNG. I haven't visited that facility so I can't say about that. Cheers.

Ps. As long as u are dealing with gas, u need a compressor for transportation and compression..
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by misano(m): 5:40pm On Jun 25, 2023
Typing:



Pure envy from Peter Obi's Brothers.

Everything to U is about Peter Obi. Even when somebody is trying to make a point, your envy towards Peter Obi makes U see it like the person is fighting U. Oga grow up.

4 Likes 1 Share

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by misano(m): 5:42pm On Jun 25, 2023
otemeh01:

It's pointless arguing with you honestly. You have no field experience with gas compression that's why you are typing all these rubbish. Cheers.

I have been reading that guys comment. He has no sense. Ignore him.
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 5:45pm On Jun 25, 2023
misano:


Everything to U is about Peter Obi. Even when somebody is trying to make a point, your envy towards Peter Obi makes U see it like the person is fighting U. Oga grow up.

Trash.
Who envy Peter Obi? He is a serial loser. The only people I envy are Dangote, Tinubu, Atiku, Kwankwaso. I can never envy an Igbo man.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by misano(m): 5:47pm On Jun 25, 2023
Femmyfamous4u:


Your post is hate filled. There is already market for the refinery; The while of west Africa is waiting for it to begin operations. You can't compare private investment with government.

Entrepreneurs always encourage starting small. If he makes a plan to build 10 modular refineries since 2015, 1 every year he would have start production since 5 years. He is try to lump it all at once. That's what is leading to delay.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by misano(m): 5:49pm On Jun 25, 2023
Typing:


Trash.
Who envy Peter Obi? He is a serial loser. The only people I envy are Dangote, Tinubu, Atiku, Kwankwaso. I can never envy an Igbo man.

Everything is not about Peter Obi grow up. U likely be an employee. U can't have the head of an entrepreneur. Never. U too small to talk business with.

3 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by GeneralDae: 6:08pm On Jun 25, 2023
XerXers:

His Tomatoes factory failed in Kano. Now overrun by bush. Dangote has always been a government baby and not a real business man. See how how he runs to Aso Rock like a coward
So because he failed in Tomatoes, it means he is no businessman?
Is he the only Government baby in Nigeria?

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Reflect7: 6:10pm On Jun 25, 2023
SMALL CHILDREN TYPING RUBBISH.

ANYONE WHO THINKS THE DANGOTE REFINERY IS FAILED OR WILL FAIL IS A BUMBLING IGNORAMUS OF THE FIRST ORDER.

SURE, ALL HIS PLANTS ACROSS THE WORLD ARE WORKING OPTIMALLY, BUT THE BIGGEST AND BEST WILL NOT WORK?

BECAUSE YOU SAW A DELAY IN START-OFF YOU NOW HAVE MOUTH.

WHERE WAS ALL YOUR KNOWLEDGE AND WISDOM BEFORE THAT?

NAIRALAND ARMCHAIR EXPERTS.

3 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by ClassicMan202(m): 6:17pm On Jun 25, 2023
GeneralDae:

So because he failed in Tomatoes, it means he is no business men.
Is he the only Government baby in Nigeria?

Bro.... He failed in tomatoes and dansa fruit juice even the sugar business is facing serious competition from his northern brothers (if not government would have helped him), what about the noodles business?? d€ad

Any business he has a serious competition always falters.

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Femmyfamous4u(m): 6:22pm On Jun 25, 2023
misano:


Entrepreneurs always encourage starting small. If he makes a plan to build 10 modular refineries since 2015, 1 every year he would have start production since 5 years. He is try to lump it all at once. That's what is leading to delay.

Now that it is completed, what again?

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by orion7: 6:23pm On Jun 25, 2023
helinues:
Aswear to God👩‍🚀, all this Obidients are People who have never achieved anything in life.

Do a private business who run it's affairs like FG..

How dumb can some of you Obi supporters be?
Eh stupid with una reasoning
to read and comprehend is a problem for fools.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Zionmdde: 6:24pm On Jun 25, 2023
otemeh01:

Well, [/b] LPG is obtained as a result of compression and refrigeration.[b/] They are all gas and not liquid in its natural state. To liquefy LPG, u just have to compress it and u will need a reciprocating compressor for that at least. Compressors required for CNG production on the other hand are extremely powerful compressor. So if ANOH decides to install such compressor in their facilities, they would produce CNG. I haven't visited that facility so I can't say about that. Cheers.

Ps. As long as u are dealing with gas, u need a compressor for transportation and compression..
Bro @bolded try and use Google a little. Stop mixing LPG with LNG. There is no refrigeration in production of LPG, there is no tangible compression too. Refrigeration of gas is a cryogenic process meant for transportation and not production. LPGs are products of condensation and not refrigeration. Actually ANOH is just a gas processing plant and not even the only one. We have gas processing plants in almost all Associated gas fields. It is meant to reduce gas flare. But u see that large gas deposits you guys are talking of, the natural gas from those wells does not need any processing plant, they are non associated gas and they are lean from source

I will wrap up my stand this:
1. CNG cannot replace petrol in the next 30years because natural gas production (not deposit ooo) is far less than natural gas demand
2. There is no electric cars replacing any petrol cars
3. Dangote refinery is nothing like ajaokuta steel because it is privately owned, hence those stupid government things won't affect it. Let's even say Nigerians stop buying, dangote wants to export his products

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by misano(m): 6:26pm On Jun 25, 2023
Femmyfamous4u:


Now that it is completed, what again?

He is planning to start supply be August. If he built modular refineries he would have started production in 2018.
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by GeneralDae: 6:26pm On Jun 25, 2023
ClassicMan202:


Bro.... He failed in tomatoes and dansa fruit juice even the sugar business is facing serious competition from his northern brothers (if not government would have helped him), what about the noodles business?? d€ad

Any business he has a serious competition always falters.
But he succeeded in Cement and has succeeded not just in Nigeria but across 10 African countries. Are you saying Government is helping him manage his cement business in those countries? Also, is he the only one in Nigeria who has been helped by Government this way?

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by misano(m): 6:29pm On Jun 25, 2023
GeneralDae:

But he succeeded in Cement and has succeeded not just in Nigeria but across 10 African countries. Are you saying Government is helping him manage his cement business in those countries? Also, is he the only one in Nigeria who has been helped by Government this way?


The point is a man that has failed in many other ventures can still fail if not careful. That's the point. Hopefully he will not fail but failing is a probability.

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by ClassicMan202(m): 6:31pm On Jun 25, 2023
GeneralDae:

But he succeeded in Cement and has succeeded not just in Nigeria but across 10 African countries. Are you saying Government is helping him manage his cement business in those countries? Also, is he the only one in Nigeria who has been helped by Government this way?

I will answer your question after you either confirm or deny what I said in the previous comment. Has he failed without government support or not?

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by GeneralDae: 6:31pm On Jun 25, 2023
misano:



The point is a man that has failed in many other ventures can still fail if not careful. That's the point. Hopefully he will not fail but failing is a probability.
Failing is sometimes part of the stories of successful businessmen. Nothing strange.
However, the refinery project have come too far to fail with many vested interests already.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Femmyfamous4u(m): 6:31pm On Jun 25, 2023
misano:


He is planning to start supply be August. If he built modular refineries he would have started production in 2018.

It does not matter. He is starting now.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by GeneralDae: 6:33pm On Jun 25, 2023
ClassicMan202:


I will answer your question after you either confirm or deny what I said in the previous comment. Has he failed without government support or not?
How do you know Government didn't support him too in the other businesses he failed?

Also, did Government single only him out to support so massively? If so, why did they do that?

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by ClassicMan202(m): 6:46pm On Jun 25, 2023
GeneralDae:

How do you know Government didn't support him too in the other businesses he failed?

Also, did Government single only him out to support so massively? If so, why did they do that?

First paragraph: because government allowed a level playing field for all players.

Second paragraph: Yes... And as for why, I guess he is the right person to answer that

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by otemeh01(m): 6:56pm On Jun 25, 2023
Zionmdde:

Bro @bolded try and use Google a little. Stop mixing LPG with LNG. There is no refrigeration in production of LPG, there is no tangible compression too. Refrigeration of gas is a cryogenic process meant for transportation and not production. LPGs are products of condensation and not refrigeration. Actually ANOH is just a gas processing plant and not even the only one. We have gas processing plants in almost all Associated gas fields. It is meant to reduce gas flare. But u see that large gas deposits you guys are talking of, the natural gas from those wells does not need any processing plant, they are non associated gas and they are lean from source

I will wrap up my stand this:
1. CNG cannot replace petrol in the next 30years because natural gas production (not deposit ooo) is far less than natural gas demand
2. There is no electric cars replacing any petrol cars
3. Dangote refinery is nothing like ajaokuta steel because it is privately owned, hence those stupid government things won't affect it. Let's even say Nigerians stop buying, dangote wants to export his products
Well, there is compression and refrigeration in LPG production. I work with syn gas so I know about compression and refrigeration of gases which applies the same principle even with petroleum gases. I also did put a call to a friend that works in a gas plant and he told me they do compression and refrigeration in the process of making LPG.
All that being said, you can't say CNG can't replace petrol because the world moves fast. Who would have thought in the 2000s that we will have a phone that we be able to have a camera and surf the internet. Who would have thought China phones would be able to phase out blackberry but here we are. Man is always improving on processes. CNG cars and electric cars might take over sooner than expected. Keep an open mind...

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by zuchyblink(m): 7:11pm On Jun 25, 2023
It is CNG/LNG or biogas

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