Air Liquide: Major Investment in the U.S.
February 10 2015 - 11:35AM
Business Wire
Air Liquide to supply oxygen to new
large-scale methanol production complex in Louisiana
Regulatory News:
Air Liquide (Paris:AI) announces that it has been selected by
Chinese petrochemical company Yuhuang Chemical, Inc., as the
supplier of oxygen for its new world-scale methanol manufacturing
complex to be built in St. James Parish, Louisiana.
Air Liquide will invest around 170 million USD (around 140
million euros)* in this high growth area for the chemical
industry.
The new Yuhuang Chemical methanol manufacturing complex will
produce approximately 5,000 tonnes of methanol per day, making it
one of the largest methanol production facilities in the
U.S. based on capacity.
Air Liquide has entered into a new long-term agreement to supply
Yuhuang Chemical with 2,400 tonnes of oxygen per day.
Air Liquide will build a new, state-of-the-art, energy
efficient Air Separation Unit (ASU) producing oxygen,
nitrogen and argon. Connected
to Air Liquide’s extensive pipeline system in Louisiana,
providing enhanced reliability of supply, the ASU
is expected to be commissioned by the second half of 2017.
Air Liquide, via its Global Engineering & Construction
activity, also recently signed a contract to license its
leading MegaMethanol® process technology to Yuhuang
Chemical. The MegaMethanol® Technology which converts natural
gas to methanol is part of Air Liquide’s proprietary technology
portfolio.
In providing a stable long-term oxygen supply and proprietary
natural gas-to-methanol conversion technology, the Air Liquide
group further demonstrates its leading position in offering an
integrated value proposition for large-scale methanol
production.
Charlie Yao, Chief Executive Officer of Yuhuang Chemical,
Inc., commented: “Our new agreement with Air Liquide for our
first world-scale methanol unit in the U.S. will be integral in
supporting our ambition of becoming a global player in the
petrochemical industry.”
Michael J. Graff, Senior Vice-President for the Americas
and member of Air Liquide group’s Executive Committee, commented:
“Air Liquide is pleased to enter into this new collaboration
with Yuhuang Chemical to supply their oxygen needs in the US Gulf
Coast. The sustainable value we create through our safe, reliable
and high-quality technology solutions supports them as they broaden
their business in the US and abroad.”
*Investment decision taken end of 2014 and converted at year-end
exchange rate.
Air Liquide in the U.S.Air
Liquide employs more than 5,000 people in the U.S. in over 200
locations. The company offers industrial and medical gases,
technologies and related services to customers in energy,
industrial, electronics and healthcare markets.
www.us.airliquide.com
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 2013, revenues were €4,940
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 clients.
______________________________________________
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 € 15.2 billion in 2013, and
its solutions that protect life and the environment represented
around 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
Air LiquideCorporate CommunicationsCaroline
Philips+33 (0)1 40 62 50 84Anne Michaud+33 (0)1 40 62 50
59orInvestor RelationsVirginia Jeanson+33 (0)1 40 62 57
37Louis Laffont+33 (0)1 40 62 57 18orAir Liquide U.S.
CommunicationsHeather Browne+1 713-624-8021
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