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Wednesday, February 8, 2023

BUA Group, Axens of France Sign Agreement on 200,000bpd Integrated Refinery, Petrochemical Plant

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

The 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 and 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.

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