Air Liquide China sell its subsidiary client

Air Liquide China to sell its subsidiary to client

10:01 AM, 11th June 2019
Air Liquide Logo

PARIS, FRANCE: Air Liquide China has entered into an agreement to sell its subsidiary Air Liquide Fuzhou Co Ltd to its client Fujian Shenyuan New Materials Co Ltd.

Air Liquide Fuzhou, owns and operates the integrated gas complex in Fujian (Southeast China).

The industrial gases complex sold includes a coal gasification unit in addition to an air separation unit, a synthetic gas purification unit and an ammonia plant.

This transaction between Air Liquide China and Highsun Holding Group - parent company of Fujian Shenyuan - is expected to close in Q3 2019.

This transaction will reinforce the ability of Air Liquide to invest in its main industrial basins, including in China, and to focus on other high potential activities. This decision is also in line with Air Liquide’s climate objectives.

This decision is aligned with Air Liquide’s strategy to focus on its main industrial basins and other high potential activities, notably in China. It is also aligned with the Group’s Climate Objectives.

© Worldofchemicals News



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

Acron to invest $219 mn on large-scale projects in Novgorod

VELIKY NOVGOROD, RUSSIA: Acron Group and the Government of Novgorod region executed a letter of intent to implement investment projects in Novgorod re ...

Read more
Eni, Maire Tecnimont partner on waste-to-energy project

SAN DONATO MILANESE, MILAN: Eni and NextChem, Maire Tecnimont's green chemistry subsidiary, are working together to turn waste into new energy, hydrog ...

Read more
Ajinomoto to build first amino acid-based surfactant plant in Brazil

TOKYO, JAPAN: Ajinomoto Co Inc said that it will construct a new plant for amino acid-based surfactants (liquid), at the Pederneiras Plant of Ajinomot ...

Read more
Lanxess appoints Anno Borkowsky to its board

COLOGNE, GERMANY: Lanxess AG has appointed Anno Borkowsky (60) to the Board of Management, effective June 1, 2019. In his new role, Borkowsky, who hol ...

Read more
Covestro delivers first order of polyurethane resin for wind blades

LEVERKUSEN, GERMANY: Covestro has delivered its first commercial order of polyurethane raw materials for wind blades to China. The blades, produced by ...

Read more
BASF launches new range of bioactive ingredients for beauty market

HONG KONG, US: BASF Care Creations has launched three new active ingredients for the beauty market. This makes use of the unique properties of the ram ...

Read more 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