BUA Group signs agreement with Axens of France to set up a refinery and petrochemical plant in Akwa Ibom State

BUA Group, Africa’s Foods, Mining, & Infrastructure Conglomerates signed an agreement with Axens of France for the supply of process technologies for its upcoming 10million tonnes per annum mega refinery 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 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. 

BUA has two refinery plants and matching fractionation plants with a combined installed capacity of 700 TPD. Both plants are fully automatic PLC-operated based on the finest technology and process engineering in the world. BUA Oil Mills is the biggest vegetable oil processing company in West Africa.