BUA Group, one of the leading business conglomerates
in Nigeria, recently signed a progress acknowledgement statement for Axens, a
French firm that prides itself in powering integrated solutions worldwide. This
acknowledgment is coming after an agreement reached by the two parties on 1
September 2020, for Axens to supply process technologies for the design and
construction of BUA’s 200,000bpsd petrochemical refinery in Akwa Ibom State.
Going by the progress so acknowledged, the refinery project now has an estimated
completion time of four years. At completion, the refinery is expected to serve
as a source of gasoline, diesel, jet fuel (meeting Euro-V specifications) for
the Nigerian and larger African markets.