OLAX wins major PMC contract with BUA Group

News - Mar 06 2021

OLAX has been selected and awarded the Owners Engineer and the PMC contract for the FEED of the BUA grassroots 200K bpd grassroots refinery and petrochemical complex to be located in Akwa Ibom State, Nigeria. This multi-billion-dollar integrated project aims at producing Euro-V fuels (high-quality gasoline, diesel and jet fuel) and polypropylene for the domestic and regional market. The technology licensor is Axens in France and the FEED contractor is in the United Kingdom. OLAX Engineering Consulting will deploy a complete project management team to oversee the contractor and licensor. Jamal Akinade CEO and Founder of OLAX said: “We look forward to working on this exciting project with all the parties, which will eventually lead to the construction and operation of a BUA owned state of the art integrated complex in Nigeria”. About BUA Group Established in 1988, BUA Group is one of Africa’s largest diversified groups operating out of Nigeria with its key interests in foods, mining, manufacturing and infrastructure. Its vision is to unlock opportunities that will drive sustainable development whilst providing value to all stakeholders and the African continent. The Group’s investments span the following sectors: Cement, Sugar, Flour, Pasta, Steel, Rice, Real Estate, Logistics, Ports and Terminals with a core focus on building local manufacturing capacity to generate employment, and provide high quality products and develop the African continent. (www.buagroup.com)

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