Air Liquide, BASF sign air supply agreement in South Korea

5:07 AM, 25th January 2021
Air Liquide's facility in South Korea's Yeosu National Industrial Complex.

PARIS, FRANCE: Air Liquide and BASF said they have signed a contract in South Korea’s Yeosu National Industrial Complex to extend the term of their existing agreements over the long term. Within this context,

Air Liquide leveraged the start-up in 2020 of its fourth hydrogen and carbon monoxide unit in this major industrial complex to increase by 20 percent the contractual volumes dedicated to BASF.

Air Liquide’s first contract with BASF in Yeosu was signed 20 years ago. Since then, Air Liquide has significantly developed its industrial footprint in the Yeosu basin, culminating in the construction of a state-of-the-art, highly efficient hydrogen and carbon monoxide plant designed and built by Air Liquide’s Engineering and Construction.

This latest unit, which started up in 2020, is fully integrated with Air Liquide’s three other plants through its 40 km pipeline supply network in Yeosu to ensure the highest level of safety, reliability, efficiency, and flexibility to its customers.

Recognising this strong industrial set up and customer focus of Air Liquide, BASF has renewed its trust in Air Liquide by extending the existing contracts over the long term, and increasing its reserved capacity by +20 percent, further reinforcing the long-standing relationship between Air Liquide and BASF.

“We are pleased to strengthen our long-term partnership with BASF, a leading global company and long-standing strategic customer of the Group, by extending and expanding further our collaboration in the Yeosu basin. This major contract is a demonstration of BASF’s trust and confidence in Air Liquide to create value and deliver long-term performance to our customers,” said Francois Abrial, member of the Air Liquide group’s executive committee supervising Asia-Pacific.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Ashland to acquire Schulke & Mayr's personal care business

WILMINGTON, US: Ashland Global Holdings Inc said it has signed a definitive agreement to acquire the personal care business from Schulke & Mayr Gm ...

Read more
Electronic protection device coating market to record significant proceeds from automotive sector

In today’s interconnected and digital world where electronic gadgets have efficiently permeated everyday lives, the electronic protection device ...

Read more
Marine coatings market to depict significant gains globally

The global marine coatings market has been witnessing substantial proceeds over the past few years owing to the mounting seaborne trade worldwide. Acc ...

Read more
Sustainability quotient in personal care ingredients—surfactants to thrive in the mix

The global personal care ingredients industry is changing robustly and creating a new playing field. Cosmetic preferences have transcended to green pr ...

Read more
Discovering plants' roadblock to specialty oil production

Hundreds of naturally occurring specialty fatty acids (building blocks of oils) have potential for use as raw materials for making lubricants, plastic ...

Read more
Lab on a Chip test can detect COVID-19 antibodies faster than current methods

A new antibody test being developed by SMU researchers has the potential to detect the presence of antibodies generated in response to COVID-19 faster ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X