Argentina: Air Liquide Expands Its Relationship with Axion Energy
18 October 2016 - 2:35AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) announces a new investment for Axion
Energy Argentina, a subsidiary of Bridas Corporation and a leading
refiner in Argentina, to expand its long-term supply of hydrogen.
Air Liquide will invest around €55 million in a second
hydrogen production unit (Steam Methane Reformer - SMR) for Axion
in Campana, Buenos Aires, which will raise the hydrogen
production capacity of the site to 37,400 Nm3 per
hour.
Expected to start operations by the second half of 2018,
the new SMR will supply additional hydrogen and steam to
Axion Energy. The hydrogen supplied by Air Liquide will be used to
meet Axion’s increased needs for its refinery processes,
supporting its recent investments to expand its operations in
Campana.
Hydrogen used in the petroleum refining process will allow for
the reduction of the sulfur content of the produced fuels
and meet the environmental standards for cleaner
transportation fuels.
Carbon dioxide, a by-product of the production process,
will also be marketed for use by numerous local customers, mainly
for the food and beverage market.
The new SMR will be designed and supplied by Air Liquide’s
Engineering & 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.
Michael J. Graff, Senior Vice-President for the Americas
and member of the Air Liquide group’s Executive Committee,
commented: “Air Liquide’s long-term presence in Argentina
highlights our commitment to helping drive growth in this country
and the region. We are pleased to be expanding our relationship
with Axion Energy and supporting their business development and
value chain with safe and reliable products and service.”
Air Liquide ArgentinaPresent
in the country since 1938, Air Liquide employs 550 people and is
the market leader. 6,000 customers are supplied by Air Liquide
throughout the country. Its activities include steel, chemical and
petrochemical industries in major industrial areas, different
industrial processes (metals, glass, food, laboratories, etc.) as
well as in health, to preserve lives from hospitals to homes. The
business line Large Industries provides a wide geographical
coverage and brings its products and services to the industries
sites all over the country.
______________________________________________________________________________________
The world leader in gases, technologies and services for
Industry and Health, Air Liquide is present in 80 countries with
approximately 68,000 employees and serves more than 3 million
customers and patients*. Oxygen, nitrogen and hydrogen are
essential small molecules for life, matter and energy. They embody
Air Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Air Liquide’s ambition is to lead its industry, deliver
long-term performance and contribute to sustainability. The
company’s customer-centric transformation strategy aims at
profitable growth over the long term. It relies on operational
excellence, selective investments, open innovation and a network
organization implemented by the Group worldwide. Through the
commitment and inventiveness of its people, Air Liquide leverages
energy and environment transition, changes in healthcare and
digitization, and delivers greater value to all its
stakeholders.
Air Liquide’s revenues amounted to €16.4 billion in 2015, and
its solutions that protect life and the environment represented
more than 40% of sales. On 23 May 2016, Air Liquide completed its
acquisition of Airgas, which had revenues amounting to $5.3 billion
(around €4.8 billion) for the fiscal year ending 31 March 2016.
Air Liquide is listed on the Paris Euronext stock exchange
(compartment A) and belongs to the CAC 40 and Dow Jones Euro Stoxx
50 indexes.
* Following the acquisition of Airgas on 23 May 2016
www.airliquide.comFollow us on Twitter
@AirLiquideGroup
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Air LiquideCorporate CommunicationsCaroline
Philips, +33 (0)1 40 62 50 84orAurélie Wayser-Langevin, +33 (0)1 40
62 50 59orCaroline Brugier, +33 (0)1 40 62 50 59orInvestors
RelationsParis+33 (0)1 40 62 50 87orRadnor+1 (0) 610 263
8277orAir Liquide Argentina CommunicationsRosmary Godoy, +54
(11) 4006-3964rosmary.godoy@airliquide.com
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