BUA Group, Axens of France sign agreement for BUA’s upcoming 200,000bpd integrated refinery and petrochemical plant in Akwa-Ibom


By Gladys Nweke

BUA Group, one of Africa’s leading Foods, Mining, & Infrastructure Conglomerates has today signed an agreement with Axens of France for the supply of process technologies for its upcoming 10million tonnes per annum megarefinery and petrochemicals facility to be sited in Akwa-ibom, Nigeria.

This multi-billion-dollar integrated 200,000 bpd refinery and petrochemical plant aims at producing Euro-V fuels and Polypropylene for the domestic and regional market. According to BUA, Axens was selected after a comprehensive process, for its advanced technology licenses, basic engineering, catalysts & adsorbents, proprietary equipment, training and technical services.

The landmark agreement was signed between the Chairman of BUA Group, Abdul Samad Rabiu, and the CEO of Axens, Jean Sentenac, in a ceremony presided over by France’s Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester and Nigeria’s Ambassador to France Dr. (Mrs) Modupe Irele.