(AGENDAWATCHDOG) – 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.
BUA Group is a leading Foods & Infrastructure Conglomerates with headquarters in Lagos, Nigeria. Bua Group started business in 1988 as a Private Limited Liability Company specializing in the importation and marketing of iron & steel, agricultural and industrial chemicals. Since then it has rapidly developed into a fully-fledged, diversified business with a stake in a wide range of business sectors.
POTENTIAL IMPACT: Axen’s reputation as a company that is equipped with advanced technology licenses, basic engineering, catalysts & adsorbents, proprietary equipment, training and technical services, will ensure that BUA’s upcoming 10million tonnes per annum megarefinery and petrochemicals facility, which will be located in Akwa-Ibom State, Nigeria, will be completed and delivered in record time, thereby expanding the production of Euro-V fuels and Polypropylene for the domestic, regional and international markets.