Air Liquide Signs Long-Term Contract with Major Petroleum Group in China
12 October 2015 - 5:52PM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) signed a new long-term contract with
Yan’an Energy and Chemical Co., a subsidiary of Yanchang Petroleum
Group, one of the four largest Chinese companies for oil and
natural gas exploration & production, and oil refining.
Under the terms of the new agreement, Air Liquide will invest
around 80 million euros in two state-of-the-art ASUs (Air
Separation Units), with a total capacity of 2,800 tonnes 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
tonnes 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 using leading technologies to offer energy
efficiency as well as optimal reliability and safety, and will
be owned and operated by Air Liquide.
François Venet, Vice-President, Asia Pacific and a member
of Air Liquide group’s Executive Committee, commented: “We
are pleased to have been selected as the partner for this project.
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.”
Wang Jiaxin, Chairman and General Manager of
Yan’an Energy and Chemical Co., commented: “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.”
Air Liquide Chinaoperates
more than 85 plants and employs about 4,300 employees with a strong
presence in the key coastal industrial areas, and is expanding into
the center, south and west. Its main business activities include
industrial and medical gas operations, as well as Engineering &
Construction (designing, manufacturing and installing air
separation units/hydrogen facilities).
The Large Industries business line of
Air Liquideoffers gas and energy solutions that improve
process efficiency and help achieve greater respect for the
environment, mainly in the refining and natural gas, chemicals,
metals and energy markets. In 2014, revenues were €4,980
million.
The Engineering and Construction
activity (Global E&C Solutions)The Engineering and
Construction activity (Global E&C Solutions) builds the Group’s
production units – mainly air separation units (ASUs) and hydrogen
production units – and provides plants for third-party
customers.
World leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with more than
50,000 employees and serves more than 2 million customers and
patients. Oxygen, nitrogen and hydrogen have been at the core of
the company’s activities since its creation in 1902. Air Liquide’s
ambition is to be the leader in its industry, delivering long-term
performance and acting responsibly.
Air Liquide ideas create value over the long term. At the core
of the company’s development are the commitment and constant
inventiveness of its people.
Air Liquide anticipates the challenges of its markets, invests
locally and globally, and delivers high-quality solutions to its
customers and patients, and the scientific community.
The company relies on competitiveness in its operations,
targeted investments in growing markets and innovation to deliver
profitable growth over the long-term.
Air Liquide’s revenues amounted to € 15.4 billion in 2014, and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Paris Euronext
stock exchange (compartment A) and is a member of the CAC 40
and Dow Jones Euro Stoxx 50 indexes.
www.airliquide.comFollow us on Twitter
@AirLiquideGroup
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