MOSCOW (MRC) -- Air Products says it will increase liquid and bulk industrial gas product prices, monthly service charges, and surcharges for merchant customers in North America, effective 1 October or as contracts permit, said Chemweek.
The price hike is in response to increases in sourcing, production and delivery costs, and will support continued investments in reliability, security, and safety, it says. The prices of liquid nitrogen, liquid oxygen, and liquid carbon dioxide (CO2) will rise by up to 15%, with services charges to be increased by up to 20%. "Some adjustments may be outside of these ranges based on specific situations," it says.
The prices for helium, hydrogen, and argon "will also be increased based on supply/demand and cost situations, and may be customer specific," it adds.
As MRC reported earlier, in December 2014, SIBUR-Khimprom (a subsidiary of SIBUR Holding) and Air Products entered into an agreement to build a new air separation unit in Perm and to supply the facility with locally produced gases. The unit came on-stream in 2016. After the commissioning Air Products will supply industrial gases for SIBUR-Khimprom over the next 20 years.
Besides, we remind that in September 2019, SIBUR, the largest petrochemical comples in Russia and Eastern Europe, and BASF, Geman petrochemical major, agreed to closely cooperate on sustainable development to share their best practices.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
Air Products is a world-leading industrial gases company in operation for nearly 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals.
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