Air Liquide Strengthens Its Relationship with Sinopec in China
October 19 2017 - 11:35AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) recently entered into a new joint
venture with Sinopec (China Petroleum & Chemical Corp.) in
Beijing, for the take-over and optimization of three existing ASUs
(Air Separation Units) and the building of a new nitrogen
production unit, for a total investment of 40 million euros. In the
third quarter 2017, Air Liquide also commissioned a new
state-of-the art ASU for the supply of oxygen and nitrogen to
Sinopec in South China.
The new joint venture, Air Liquide-BYPC Gases, is located
in Beijing and will supply oxygen and nitrogen to Sinopec Beijing
Yanshan Co. with a total capacity of 340 tonnes of oxygen
and 1,110 tonnes of nitrogen per day.
In South China, located in Maoming City of Guangdong
Province, the newly commissioned ASU1 supports the new ethylene
oxide plant of Sinopec’s subsidiary, Maoming Petrochemical (MPCC),
by supplying oxygen (850 tonnes per day) and nitrogen
(840 tonnes per day).
Sinopec is one of the largest integrated energy and chemical
companies in China. Cooperation between Air Liquide and
Sinopec dates back to 2007. The two parties have established three
joint ventures so far.
François Abrial, member of the Air Liquide Group’s
Executive Committee supervising Asia Pacific, said: “The
continuous expansion of our partnership with Sinopec showcases
their confidence in Air Liquide’s ability to provide
state-of-the-art technologies and competitive solutions. We are
proud to provide our expertise to Sinopec, in support of their
expansion in China.”
Air Liquide in Chinaoperates
nearly 90 plants and employs more than 4,000 employees today. With
a strong presence in the key coastal industrial areas, Air Liquide
China is now expanding into the center, south and west. Its main
business activities include industrial and medical gas operations,
Engineering & Construction (designing, manufacturing and
installing air separation units/hydrogen facilities), as well as
innovation activities.
The world leader in gases, technologies and services for
Industry and Health, Air Liquide is present in 80 countries with
approximately 65,000 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 revenue amounted to € 18.1 billion in 2016 and its
solutions that protect life and the environment represented more
than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
1 Investment decided by Air Liquide in 2016.
www.airliquide.comFollow us on Twitter
@airliquidegroup
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Air LiquideCorporate CommunicationsCaroline
Philips, +33 (0)1 40 62 50 84Caroline Brugier, +33 (0)1 40 62 50
59Aurélie Wayser-Langevin, +33 (0)1 40 62 56 19orInvestor
RelationsParis - France, +33 (0)1 40 62 50 87Philadelphia -
USA, +1 610 263 8277orAir Liquide China CommunicationsYuwei
Kan, +86 21 6090 3621Jeanne Wu, +86 21 6090 3619
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