Air Liquide's 60 Million Euros Investment to Boost Wanhua
Air Liquide's New Investment in Industrial Gases
Air Liquide will invest approximately 60 million euros to acquire and manage an Air Separation Unit (ASU), entering a long-term contract with Wanhua Chemical Group, a global leader in innovative chemical products. This project takes place in Yantai, China, a key area for industrial growth.
Key Developments in Yantai
As part of this significant partnership, Air Liquide plans to construct, own, and manage a new liquid argon production unit alongside the ASU. This facility, designed by Air Liquide Engineering & Construction, aims to supply industrial merchant markets in Yantai and across the Shandong province, contributing significantly to local economies.
Expanding Supply Capabilities
With the establishment of this ASU, Air Liquide will supply large volumes of essential gases, nitrogen and oxygen, to Wanhua. The unit is expected to be operational by the end of 2024, and it will also cater to local industrial merchant markets by providing nitrogen, oxygen, and argon.
Strategic Importance of the Partnership
This collaboration signifies Air Liquide's commitment to growing its industrial and medical gas services in Yantai, a vital industrial hub within Shandong, which is China's third-largest provincial economy. Currently, Air Liquide operates four ASUs and a hydrogen production facility in the region, bolstering its strong market presence.
Leadership Perspectives
Ronnie Chalmers, Vice President of Air Liquide for Asia Pacific, expressed pride in becoming a strategic partner with Wanhua, emphasizing the importance of this long-term contract as recognition of Air Liquide's technological excellence and operational capabilities. Chalmers highlighted that this collaboration aligns with Air Liquide's 2025 ADVANCE strategic plan and opens avenues in new markets.
Wanhua Chemical Group’s Response
Liao Zengtai, Chairman of Wanhua Chemical Group, noted that this partnership deepens their strategic alliance with Air Liquide, pushing both companies towards long-term development goals and paving the way for future achievements.
Air Liquide's Operations in China
Air Liquide operates over 120 plants across China, employing nearly 5,600 people. The company has a strong footprint in coastal industrial areas and is now expanding operations into central and western regions. Their primary business activities encompass industrial and medical gases, home health services, and engineering solutions.
Air Liquide: A Global Leader
As a global leader in gases, technologies, and services for industry and healthcare, Air Liquide operates in 60 countries and employs 66,300 individuals. The Group serves over 4 million customers globally, generating significant revenue, which was reported to exceed 27.5 billion euros in 2023. Their commitment includes not only industrial gases but also supporting critical sectors such as healthcare and sustainable energy initiatives.
Future-focused Strategies
Air Liquide’s strategic plan, ADVANCE, focuses on global performance that combines financial objectives with sustainability goals. The Group is uniquely positioned to innovate with a resilient business model, tackling challenges in climate change and energy transitions, particularly through hydrogen technologies.
Frequently Asked Questions
What is the investment amount by Air Liquide for this project?
Air Liquide is investing approximately 60 million euros to support the development of Wanhua Chemical Group.
Where is the new facility being established?
The facility is being established in Yantai, China, which is a significant industrial city.
What gases will Air Liquide supply to Wanhua?
Air Liquide will supply large quantities of nitrogen, oxygen, and argon to Wanhua as part of their agreement.
What is the expected operational date for the Air Separation Unit?
The ASU is expected to be operational by the end of 2024.
How many employees does Air Liquide have in China?
Air Liquide employs nearly 5,600 individuals in China, operating over 120 plants.
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