Air Liquide Acquires Hydrogen, Nitrogen Production Units in Kazakhstan
By Giulia Petroni
Air Liquide SA said Tuesday that it will invest up to 86 million
euros ($103.7 million) through its joint venture Air Liquide Munay
Tech Gases to acquire hydrogen and nitrogen production units from
the Atyrau refinery in Kazakhstan.
The French industrial-gas company said it will operate and
modernize the assets in order to supply industrial gases to the
site, which is owned by state-owned oil-and-gas company
"Up to 200 million normal cubic meters of hydrogen and up to 50
million normal cubic meters of nitrogen will be produced annually
on the site for different production processes, including
desulfurization of fuels," according to the company.
Air Liquide owns a 75% in share in Air Liquide Munay Tech Gases,
or ALMTG, while KazMunayGaz owning the remaining 25%.
Write to Giulia Petroni at firstname.lastname@example.org
(END) Dow Jones Newswires
March 02, 2021 12:16 ET (17:16 GMT)
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