SINGAPORE (ICIS) -- French industrial gases producer Air Liquide said on Thursday it has signed an agreement with Russian producer RusVinyl to supply oxygen, nitrogen and compressed dry air to its new polyvinyl chloride (PVC) plant in Kstovo, Russia.
Air Liquide would invest, build and operate a new air separation unit with a capacity of more than 350 tonnes/day of oxygen in Kstovo, in the region of Nizhegorodskaya Oblast, the company said in a statement.
RusVinyl's new PVC plant was scheduled to start up at the end of 2012, it said.
Air Liquide would also be producing large quantities of liquid air gases, such as oxygen, nitrogen and argon, to meet the needs of industrial customers in the Nizhegorodskaya Oblast region, the company said.
⌠The Air Liquide investment amounts to ┬60m ($83.3m) - for the production facilities and for the supply chain - altogether, it added.
RusVinyl is a joint venture (JV) between Russia's chemical firm Sibur and Belgian PVC producer Solvin.