Air Liquide Strengthens Its Long-Term Relationship with Kumho Mitsui Chemical (KMCI) in South Korea
December 13 2022 - 2:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) has signed a long-term
contract to supply Kumho Mitsui Chemical (KMCI), a world leader in
the chemical industry, with additional hydrogen and carbon monoxide
in South Korea’s Yeosu National Industrial Complex, where Air
Liquide operates four production units. This contract will enable
Air Liquide to support KMCI’s additional expansion of 200,000 tons
per year production of methyl diphenyl diisocyanate (MDI). This
isomer is used in the manufacture of polyurethane for high-tech
materials and insulation.
Air Liquide will supply additional hydrogen and carbon monoxide
to KMCI for its 50% expansion of methyl diphenyl diisocyanate (MDI)
production with operations commencing in 2024. To supply KMCI, Air
Liquide will leverage its fourth hydrogen and carbon monoxide unit
in the Yeosu complex. This latter is coupled to a CO2 recycling
facility installed this year.
With this new partnership, both Groups reinforce their long
standing relationship. Air Liquide’s first agreement with KMCI was
signed 20 years ago in Yeosu. Since then, Air Liquide has
significantly developed its industrial footprint in the Yeosu
basin, culminating in the design and construction of a fourth
state-of-the-art, highly efficient hydrogen and carbon monoxide
plant. This unit is integrated with the three other plants with a
40 km pipeline supply network in Yeosu to ensure the highest level
of safety, reliability, efficiency, and flexibility to its
customers.
François Abrial, Member of the Air Liquide Group’s
Executive Committee supervising Asia Pacific, said: “With this
new contract, we are honored to extend our long-term relationship
with KMCI, a 20-year strategic collaboration that has enabled us to
steadily build our footprint in Yeosu, a major industrial complex
in South Korea, to accompany KMCI’s continued growth.”
Air Liquide in South Korea
Air Liquide has been present in South Korea since 1996. On top of
providing industrial gases and related services to major industries
(petrochemical, steel, semiconductors, car manufacturing, etc), it
also has a strong presence in Home Healthcare activities. It is
also one of the founders and key contributors to the development of
the hydrogen economy in Korea.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 75 countries with
approximately 66,400 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.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 23 billion euros in
2021. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50 and FTSE4Good indexes.
www.airliquide.com Follow us on Twitter
@airliquidegroup
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