Air Liquide invest € 40 million in Russia

Air Liquide to invest € 40 million in Russia

3:56 PM, 14th April 2011
Air Liquide to invest € 40 million in Russia
Guy Salzgeber, Member of the Group Executive Committee, Air Liquide.

 

Air Liquide will supply oxygen, nitrogen and argon to Severstal’s new steel plant in Balakovo, located in the region of Saratov.

 

PARIS, FRANCE: The Air Liquide Group recently signed a new long-term agreement with Severstal. Air Liquide will supply oxygen, nitrogen and argon to Severstal’s new steel plant in Balakovo, located in the region of Saratov (Volga Federal District). Air Liquide will invest, build and operate in Balakovo a new state-of-the-art air separation unit (ASU) with a capacity of more than 300 tonne per day of oxygen, which is scheduled to start up at year-end 2012. The plant will also produce liquid oxygen, liquid nitrogen and liquid argon to serve the needs of other industrial customers in the regions of Saratov and Samara.

 

The Air Liquide investment amounts to a total of € 40 million for the production facilities and supply chain altogether.

 

At present, metallurgy is one of the main industrial sectors of Russia making a strong contribution to the country’s economy. This sector is expected to continue growing significantly and to pursue its modernization effort.

 

“This is an expansion of our partnership with Severstal after the success of our joint-venture in Cherepovets. Furthermore, this new ASU will enable Air Liquide to complete its geographical coverage of the Volga district for the supply of liquid gases to industrial customers, after investments already announced in Elabuga (Tatarstan) and Kstovo (Nizhny Novogorod). This new contract is symbolic of our continuous development in this high growth region,” said Guy Salzgeber, Member of the Group Executive Committee, Air Liquide.

(C) WOC News

 

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