Air Liquide Signs Long-term Supply Agreement With Steel Dynamics, Inc. (SDI) in The U.S.
July 07 2020 - 12:15PM
Dow Jones News
Regulatory News:
Air Liquide (Paris:AI) has signed a long-term agreement with
Steel Dynamics, Inc. (SDI), one of the largest steel producers and
metals recyclers in the United States, to supply gaseous oxygen,
nitrogen, and argon to SDI's new Electric Arc Furnace (EAF) steel
mill in Sinton, Texas. To support the new agreement, Air Liquide
plans to invest over 100 million U.S. dollars to install an Air
Separation Unit (ASU) on its Gulf Coast pipeline network in
Ingleside, Texas, and extend its pipeline network to SDI's
site.
The state-of-the art, energy efficient ASU will have the
capacity to produce over 770 tons per day of oxygen, as well as
nitrogen and argon to supply SDI's planned 3 million tons per year
steel mill starting up in 2021. Air Liquide will also add 45
kilometers of pipeline connecting SDI to its proprietary Gulf Coast
Pipeline System, strengthening Air Liquide's position in the U.S.
Gulf Coast region and in the growing industrial basin of Corpus
Christi where it has been present since the mid-1930's.
Air Liquide's ability to provide large volumes of oxygen and
nitrogen from Corpus Christi, Texas, to New Orleans, Louisiana, via
its integrated production and supply pipeline network provides Air
Liquide customers with an enhanced competitiveness over the
long-term. The robust reliability and enhanced flexibility provided
by Air Liquide's pipeline network allows for efficient gas
production and delivery that support SDI's focus towards
sustainability while contributing to meet Air Liquide's Climate
Objectives.
Air Liquide's growth in the key industrial basin via its
pipeline network will be supported by Air Liquide's Smart
Innovative Operations Center and leverage predictive analytics and
digital technologies to optimize its operations and production
units throughout the U.S.
Michael J. Graff, Executive Vice President and Executive
Committee Member, Air Liquide Group, said: "Air Liquide is proud to
support the growth of Steel Dynamics Inc. and to collaborate on
this project which will strengthen the U.S. steel industry through
the establishment of the largest steel mill in Texas. The
investment in this ASU and pipeline infrastructure will further
enhance Air Liquide's network capabilities and leadership position
in the Gulf Coast, allowing us to meet the growing industrial gas
demands of our customers in the region - safely, sustainably and
reliably."
Air Liquide Large Industries activity
Air Liquide Large Industries offers 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 2019, revenues were
EUR5,629 million.
Air Liquide in the United States
Air Liquide employs more than 20,000 people in the U.S. in more
than 1,500 locations and plant facilities including a world-class
R&D center. The company offers industrial and medical gases,
technologies and related services to a wide range of customers in
energy, petrochemical, industrial, electronics and healthcare
markets. www.airliquide.com/USA
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3.7 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 be a leader in its industry,
deliver long term performance and contribute to sustainability. The
company's customer-centric transformation strategy aims at
profitable, regular and responsible 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 22 billion euros in 2019 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.
www.airliquide.com
Follow us on Twitter @airliquidegroup
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CONTACT: Corporate Communications
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
Air Liquide Corporate Communications, Americas
Cassandra Mauel
+713 548-6056
SOURCE: Air Liquide
Copyright Business Wire 2020
(END) Dow Jones Newswires
July 07, 2020 12:00 ET (16:00 GMT)
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