Linde to supply air gases to Chinese chemicals producer
Total investment worth around EUR 70 million
"We are delighted to further expand our long-term business relationship with our partner Dahua in Dalian," said Sanjiv Lamba, Member of the Executive Board of Linde AG responsible for Asia. "This move strengthens our position as a leading gases and engineering company in the dynamic Chinese market."
Under the terms of this on-site agreement, Linde acquires the customer's two existing air separation units (ASUs) in Dalian, and will operate these. In addition, Linde's Engineering Division will build a new ASU on site with a production capacity of 38,000 normal cubic metres of oxygen per hour (Nm3/h). Scheduled to go on stream in 2014, the new ASU will replace the two older plants, also meeting rising demand for gaseous oxygen at Dahua's operations. The new arrangement gives the customer a much greater degree of reliability in its gas supply. The new ASU will also produce surplus liquid gases for the regional market.
As part of the contract agreement, the upgraded gas production facility will be jointly managed by a newly formed 50:50 joint venture gases company between Linde and Dahua. Linde-Dahua (Dalian) Gases Company, Ltd. will as well offer industrial gaseous and liquid products and provide relevant engineering services to the neighbouring industrial hubs.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.