The global industrial gas leader Air Liquide will invest more than 160 million U.S. dollars to modernize existing assets and build a new Air Separation Unit (ASU) and Partial Oxidation Unit (POX) in Texas. The company announced a long-term supply agreement with Eastman Chemical Company to provide additional gaseous oxygen, nitrogen and syngas.
- The new agreement will be supporting Eastmans growth and production in Longview, Texas.
- The new ASU and POX will begin production in late 2021 and will be integrated into the existing facilities.
- The new POX will use the companys patented Lurgi technology and will capture and recycle CO2, reducing the carbon intensity of operations, in line with the Groups 2025 Climate Objectives.
The prominent deals and investments by Air Liquide are mentioned below:
July 2020: The South Africa based leading energy and chemical company Sasol announced that it has signed an agreement for Air Liquide to acquire the biggest oxygen production site in the world located in Secunda in South Africa.
July 2020: Air Liquide announced an investment of $141 million to build the first world-scale Air Separation Unit (ASU) for oxygen production at Port of Moerdijk in the Netherlands. The plant will have a production capacity of 2,200 tons of oxygen per day.
July 2020: Russian steel producer NLMK has announced that it entered into a new long-term partnership with Air Liquide. As per agreement Air Liquide will invest approximately $113 million in the flagship site of NLMK in Lipetsk, Russia.
July 2020: Air Liquide has announced a long-term agreement with United States based Steel Dynamics, Inc. (SDI), one of the largest steel producers and metals recyclers in the coumtry, to supply gaseous oxygen, and nitrogen. As per agreement Air Liquide also supply argon to SDIs new Electric Arc Furnace (EAF) steel mill in Sinton, Texas.
July 2020, Air Liquide announced a joint initiative with the Port of Rotterdam Authority, which aims at enabling 1,000 hydrogen-powered zero-emission trucks on the roads connecting the Netherlands, Belgium, and western Germany by 2025. Several partners representing the whole supply chain, from truck manufacturers such as VDL Groep, Iveco/Nikola to transport companies Vos Logistics, Jongeneel Transport and HN Post, as well as leading fuel cell suppliers have already agreed to join.
April 2020, Air Liquide announced to invest $210 million to build production capacities in the Science Parks of Tainan and Hsinchu, respectively located in the South and the North of Taiwan. Under a long-term commitment with a semiconductor market leader, this investment in new production capacity will allow the Group to supply three high volume semiconductor fabrication plants under construction in Tainan Science Park, as well as some of the worlds most advanced R&D fabs for logic IC chips in Hsinchu Science Park.
About Air Liquide
Air Liquide is a world leader in gases, technologies and services for Industry and Health. Air Liquide is present in 80 countries with approximately 65,000 employees and serves more than 3.5 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquides scientific territory and have been at the core of the companys activities since its creation in 1902.