Air Liquide Wins a Major Engineering and Construction Contract with Yankuang Group, a Large Energy Company in China
May 30 2017 - 11:35AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI):
Air Liquide Engineering & Construction has recently
signed a major contract amounting around €100 million to design and
built three Air Separation Units (ASUs) for Yankuang Group, one of
the largest energy and chemical companies in China.
Air Liquide Engineering & Construction will design and
build for Yankuang Group, three new Air Separation
Units, each of them with a production capacity of
3,200 tonnes per day of oxygen, plus nitrogen for the
production of methanol-based chemicals, an additive widely used in
the energy industry to increase combustion efficiency of
hydrocarbon. As part of Yankuang’s major technological upgrading
program, two units will be delivered to Rongxin site in Inner
Mongolia and the third unit will be delivered to Yulin site in
Shaanxi province in China.
The new ASUs will be built by using Air Liquide’s latest
innovative technologies expertise and best in class standards to
ensure a safe, optimized and reliable operation of the plants. All
three ASUs will start operation in the second half of
2019.
Founded in 1966, Yankuang Group is listed among China’s Top 500
Enterprises. Air Liquide Engineering & Construction has a long
term partnership with Yankuang Group. Two ASUs have been delivered
since 2003 and are currently fully operational.
François Venet, member of the Air Liquide group’s
Executive Committee supervising Engineering & Construction,
said: “We are pleased to continue our partnership with Yankuang
Group and support their business development. This milestone
illustrates our expertise in oxygen production technologies
notably, with the highest safety and low energy consumption
solutions.”
Air Liquide Engineering &
Construction
Air Liquide Engineering & Construction builds Air Liquide
Group production units (mainly air gas separation and hydrogen
production units) and provides external customers with efficient,
sustainable, customized technology and process solutions. Air
Liquide Engineering & Construction’s core expertise in
industrial gases, energy conversion and gas purification, enables
customers to optimize natural resources.This business unit covers
the entire project life-cycle: license engineering services /
proprietary equipment, high-end engineering & design
capabilities, project management & execution services. As a
technology partner, customers benefit from our research and
development to contribute to energy transition. In 2016, revenues
were €474 million.
-----
The 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 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.
www.airliquide.comFollow us on Twitter
@airliquidegroup
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170530005344/en/
Air LiquideCorporate CommunicationsCaroline
Brugier, +33 (0)1 40 62 50 59orAurélie Wayser-Langevin, +33 (0)1 40
62 56 19orInvestor RelationsParis+33 (0)1 40 62 50
87orRadnor+1 610 263 8277orAir Liquide Engineering &
Construction-CommunicationsNatalia Anjaparidze, +49 (0) 69 58
08 18 20
C3 AI (NYSE:AI)
Historical Stock Chart
From Jun 2024 to Jul 2024
C3 AI (NYSE:AI)
Historical Stock Chart
From Jul 2023 to Jul 2024