How Kenya Refinery Contract Will Impact Honeywell (HON) Investors

Dangote Petroleum Refinery and Petrochemicals FZE has selected Honeywell International to supply technologies, licensing, engineering, catalysts, equipment and digital tools for a planned 700,000 barrel per day single train refinery in Kenya, drawing on prior designs used at Dangote’s Lekki facility and an expected Honeywell project scope of about US$300 million. The Kenya refinery’s ability to handle a wide range o…