BUA Signs Contract For 200,000bpd Refinery, petrochemical Project In Nigeria

Leading Foods, Mining, & Infrastructure Conglomerate, BUA Group, on Tuesday signed an agreement for the supply of process technologies for its upcoming 10m tonnes per annum mega-refinery and petrochemicals facility in Akwa ibom, Nigeria.

The multi-billion-dollar integrated 200,000 bpd refinery and petrochemical plant with Axens of France, according to a joint statement, will produce Euro-V fuels and Polypropylene for the domestic and regional markets.

The agreement was signed between the Chairman of BUA Group, Abdul Samad Rabiu, and the Chief Executive of Axens, Jean Sentenac, in a ceremony presided over by France’s Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester.

Axens, the statement explained, was selected after a comprehensive process, for its advanced technology licenses, basic engineering, catalysts & adsorbents, proprietary equipment, training and technical services.

BUA’s Chairman and CEO, Abdul Samad Rabiu said the project is in line with its “vision to develop local capacity in key industries where we can add most value and where raw materials can be sourced locally. Once completed, this RFCC-based complex will produce high-quality gasoline, diesel, jet fuel meeting Euro-V specifications for the Nigerian market and the larger region. In addition, it will produce propylene, an essential component for the petrochemical industry used in polypropylene-based plastics and packaging. This project will help in reducing Nigeria’s dependence on imported fuels and petrochemicals.

“It is in the DNA of BUA Group to create efficient, innovative and sustainable businesses; look at our cement plants, the most sustainable in Nigeria, same with our sugar plants.”, Rabiu added.

For Sentenac, “we are delighted to be part of this strategic project providing the most advanced technologies on the market that are energy-efficient and ensure the production of high-quality fuels and petrochemical intermediates. This state-of-the-art integrated complex will allow BUA Group to develop its refining and petrochemical capabilities in Nigeria and produce highly valuable products for the domestic market. It is a great pleasure and pride to partner with them to concur to develop the Nigerian economy and ensure the success of this strategic state of the art project”.

Photo News: Jean Sentenac, CEO of Axens (left), and Abdul Samad Rabiu, Chairman of BUA Group during the signing ceremony to supply process technologies for BUA’s upcoming 200,000bpd integrated refinery and petrochemicals facility in Akwa-ibom, Nigeria.