Air Liquide Signs Agreement for ASU at Severstal's CherMK Site
22 Mars 2019 - 09:34AM
Dow Jones News
By Patrick Costello
Air Liquide SA (AI.FR) said Friday that it signed a long-term
agreement to design, construct and own a new air separation unit
producing 2,000 tons of oxygen a day at Russian steelmaker
Severstal PAO's (CHMF.MZ) CherMK site in Cherepovets, Russia.
The deal will increase Air Liquide's production capacity at the
site to more than 7,000 tons of oxygen a day, making Cherepovets
one of the steel industry's largest industrial gas-production units
worldwide, Air Liquide said. It will be the third ASU installed and
operated by Air Liquide in Cherepovets since 2007.
The project will be operated by Air Liquide Severstal, a
joint-venture established in 2005 between the two companies, the
French industrial gas supplier said.
The ASU should be operational by the end of 2020 and improve
energy efficiency, reducing CO2 emissions by 20,000 tons a year,
the company said.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
March 22, 2019 04:19 ET (08:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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