Honeywell wins $300 million contract for Kenya’s $16 billion Dangote refinery project
Honeywell International was awarded a $300 million deal to supply process technologies, engineering services and digital solutions for a new single‑train crude oil refinery in Kenya. The $16 billion project is a joint venture between the Dangote Group and the Kenyan government and will sit on 9,000 acres with a 1,000‑MW power plant. Kenyan President William Ruto and Dangote founder Aliko Dangote inaugurated the site, while environmental groups have raised opposition and a High Court petition is pending.
Why it matters
Honeywell says the contract will add to its order backlog and support growth in its Process Automation & Technology segment, which management links to higher recurring revenue and improved segment margins. The deal also expands Honeywell’s exposure to East African energy infrastructure, a market the company is targeting for future growth.
Key facts
- 1Honeywell’s contract value is $300 million. enr.com
- 2The Kenya refinery project is estimated at $16 billion. enr.com
- 3The refinery will occupy 9,000 acres of land. enr.com
- 4The complex includes a 1,000‑MW power plant, with at least 50% of its output feeding Kenya’s national grid. enr.com
- 5The Kenyan government will contribute $500 million for a 10% equity stake. enr.com
- 6Honeywell’s market capitalization is $67.5 billion. finance.yahoo.com
Open questions
- Environmental NGOs oppose the project and a High Court petition seeks disclosure of agreements, creating regulatory risk.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.