MOSCOW (MRC) -- Air Liquide has signed a new long-term contract with Maoming Petrochemical Co. (MPCC), a subsidiary of China Petroleum & Chemical Corp. (Sinopec), said the company on its site.
Under the terms of the new agreement, Air Liquide will invest around 40 million euros in a new state-of-the-art ASU (air separation unit), with a total capacity of 850 tpd of oxygen.
Expected to start operations in the second quarter of 2017, the new ASU will supply industrial gases including oxygen and nitrogen to the customer's new ethylene oxide plant as well as to its existing one.
The ASU, located in Maoming City, Guangdong Province, will be designed and supplied by Air Liquide's engineering and construction teams using leading technologies to offer energy efficiency as well as optimal reliability and safety. The ASU will be owned and operated by ALMPCC, the joint venture of Air Liquide China and MPCC established in June 2012.
"It's our pleasure to join hands with Air Liquide again," said Lu Weiqun, deputy GM of MPCC and vice chairman of the ALMPCC board.
"By combining their advanced technology and management expertise with MPCC's experience in the local market, ALMPCC has seen great successes in recent years," he added. "Through the new project, we expect ALMPCC to contribute more to the development of MPCC as well as to that of the local economy."
As MRC informed earlier, Iran is in talks with France’s Air Liquide to develop a 0.5mt Propylene via Methanol (PVM) plant.
L'Air Liquide S.A., or Air Liquide, is a French multinational company which supplies industrial gases and services to various industries including medical, chemical and electronic manufacturers.
MRC