Air Liquide signs long-term contract with major petroleum group in China to build two new air separation units.
PARIS, FRANCE: Air Liquide SA said it signed a new long-term contract with Yan’an Energy and Chemical Co, a subsidiary of Yanchang Petroleum Group, wherein it will invest around €80 million in two air separation units (ASUs), with a total capacity of 2,800 tonne of oxygen per day.
Expected to start operations in Q1 of 2018, the new ASUs will supply air gases including oxygen and nitrogen for the customer’s chemicals production complex which will produce 600,000 tonne per year of olefins, a chemical intermediate used notably in the production of plastics.
The two ASUs, located in Fuxian County of Yan’an City, Shaanxi Province, will be built by Air Liquide’s engineering and construction teams and will be owned and operated by Air Liquide.
“This strategic cooperation demonstrates our ability to provide innovative solutions that improve energy efficiency. The project also marks our growing commitment to investing in Western China,” said Francois Venet, vice-president, Asia Pacific and a member of Air Liquide’s executive committee.
“It’s our pleasure to collaborate with Air Liquide, whose state-of-the-art technologies and international expertise in safe operations will ensure the steady gas supply of the project. Through this partnership, we look forward to contributing to the economic development of Fuxian county and Shaanxi province as a whole,” said Wang Jiaxin, chairman and general manager, Yan’an Energy and Chemical Co.
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