The administration of BUA Group has refuted a purported report claiming that the BUA Refinery and Petrochemicals in Akwa Ibom state is at 90 per cent completion.
An announcement issued by the administration on Saturday clarified that the 200,000 barrels per day refinery shouldn’t be but close to completion.
Nonetheless, the corporate is dedicated to assembly the completion timeline for the refinery.
The assertion learn: “Opposite to a deceptive report stating that our 200,000 barrels/day refinery is at 90% completion, BUA needs to advise the general public to ignore such deceptive reviews that didn’t emanate from us.
“As we make outstanding strides on our Akwa Ibom refinery challenge, we’re proud to share that building is progressing steadily. While the refinery shouldn’t be at 90% completion, we’re nonetheless on monitor to satisfy our supply timelines in collaboration with our companions. This BUA Refinery & Petrochemicals challenge represents a serious milestone in strengthening Nigeria’s refining capability and vitality safety.”
The administration added that the corporate’s different vitality tasks together with a mini Liquefied Pure Gasoline plant, are additionally present process upgrades.
“Our different vitality tasks, together with the development of a mini-LNG plant and a number of other new hybrid energy crops throughout the nation so as to add further capability to our over 1,000MW put in captive energy technology capability, are additionally progressing quickly.”
It suggested members of the general public to confirm any information regarding the corporate via its official channels and platforms in order to not be misled.
“At BUA, we stay dedicated to transparency and excellence. As we’ve got persistently accomplished with over 12 of our accomplished mega industrial tasks value over $ 3.5 billion previously 10 years, we’ll proceed to maintain you up to date with verifiable and correct info solely the place crucial, and as milestones are achieved. We admire the general public’s curiosity and enthusiasm for this transformative challenge as we work collectively in constructing a stronger industrial and manufacturing base for a self-reliant Nigeria,” the assertion concluded.
What it’s best to know
- BUA Refinery and Petrochemicals, upon completion, will be a part of the checklist of personal refineries in Nigeria. Nonetheless, the Dangote Refinery positioned within the Lekki Free Commerce Zone, has the very best refining capability.
- The administration had mentioned that it’s going to full the Refinery by the tip of 2025.
- The Group’s administration additionally as soon as famous that the refinery will produce
- Gasoline, Diesel, Jet gasoline, and Propylene, a key elements for the petrochemicals business.
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