Air Liquide to Increase Its Presence in India With a New Air Separation Unit in the State of Uttar Pradesh
January 20 2022 - 2:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) will invest around 350 Crores Rupees
(40 million euros) in a new Air Separation Unit (ASU) dedicated to
Industrial Merchant activities in Kosi, in the state of Uttar
Pradesh, Northern India. This unit will have a production capacity
of 350 tonnes per day, with a maximum of 300 tonnes of oxygen. Air
Liquide India will build, own and operate this ASU, which is
planned to start operating by the end of 2023.
The new plant will support small-and-medium sized customers of
liquid and packaged gases in Northern India. It will allow Air
Liquide to meet the growing demand of the automotive, metal
fabrication, heat treatment, photovoltaic, and electronics
industries, as well as local hospitals requiring high-purity
medical gases. When commissioned, Air Liquide’s site in Kosi, where
the unit will be located, will become the largest liquid gases
plant in the State of Uttar Pradesh.
In line with Air Liquide’s Sustainability Objectives, which
include reaching carbon neutrality by 2050, this plant has been
designed to contribute to a successful energy transition by India.
The new unit is indeed planned to fully operate on renewable energy
by 2030.
The new ASU will contribute to Air Liquide’s expansion strategy
in India, where the Group has been present for more than 30 years.
It already owns and operates 4 ASUs in North & West of India
and will finalize in 2022 the construction of a 5th ASU in Nagpur
(West India). Air Liquide is committed to continue investing in
coming years to accompany the development of India and its growing
demand for sustainable solutions.
Pascal Vinet, Senior Vice President and a member of the
Air Liquide Group’s Executive Committee supervising Europe
Industries activities and Africa / Middle East /India hubs, said
: “The construction of a new plant in Uttar Pradesh is a
very important milestone for Air Liquide in India. This new
significant investment will give us the ability to better serve our
customers, while also investing in the long-term growth
opportunities of this key State. It also shows our confidence in
the sustained growth of the Indian industry. This investment is in
line with Air Liquide’s Sustainable Objectives as this ASU is meant
to ultimately solely run on renewable energy.”
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 78 countries with
approximately 64,500 employees and serves more than 3.8 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 -
with a strong commitment to climate change and energy transition at
the heart of its strategy. 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 more than 20 billion euros in
2020. 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
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