China: Air Liquide Signs a New Long-Term Contract with Xinneng Energy
January 22 2016 - 2:30AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) recently signed a new long-term
contract with Xinneng Energy Company, a subsidiary of ENN
Ecological Holdings Company (ENN). Under the terms of the new
agreement, Air Liquide will invest more than 60 million euros in an
ASU (Air Separation Unit), with a total capacity of 2,700 tonnes of
oxygen per day.
Expected to start operations in the second quarter of
2018, the new ASU will supply industrial gases including
oxygen and nitrogen to ENN Ecological Holdings Company. The
gases will be used in the customer’s Light Hydrocarbon Project,
which produces 200,000 tonnes per year of light hydrocarbon, a
chemical product widely used in the energy industry.
The ASU, located in ENN’s industrial park in Dalateqi of
Ordos City, Inner Mongolia, will be built by
Air Liquide’s Engineering and Construction teams using
state-of-the-art technologies to offer energy efficiency as well
as optimal reliability and safety, and will be owned and
operated by Air Liquide.
Zhao Yifeng, CEO of ENN Ecological Holdings Company,
commented: “By combining our own innovative
technologies with the leading technologies and international
expertise from Air Liquide, we ensure the improved energy
efficiency of the project. With this project as a start, we look
forward to enhancing the cooperation with Air Liquide in the near
future.”
François Venet, Vice-President, Asia Pacific and a member
of Air Liquide group’s Executive Committee, commented: “We
are honored to be a partner for this significant project. By
leveraging our existing resources, as well as our experience in
Inner Mongolia and Western China, we will support the flawless
development and operation of this project.”
Air Liquide Chinaoperates
nearly 90 plants and employs about 4,500 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.com
Follow us on Twitter @AirLiquideGroup
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version on businesswire.com: http://www.businesswire.com/news/home/20160121006290/en/
Air LiquideCorporate CommunicationsCaroline
Philips, +33 (0)1 40 62 50 84orAurélie Wayser-Langevin, +33 (0)1 40
62 50 59orInvestor RelationsAude Rodriguez, +33 (0)1 40 62
57 08orErin Sarret, +33 (0)1 40 62 57 37orLouis Laffont, +33 (0)1
40 62 57 18orAir Liquide China CommunicationsJeanne Wu, +86
21 6090 3619
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