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Air Liquide Signs Another New Long Term Contract in Kazakhstan

Source: www.gulfoilandgas.com 10/16/2019, Location: Asia

In the context of a new long term agreement with Kazakhstan Petrochemical Industries (KPI), Air Liquide Munay Tech Gases will build, own and operate a new nitrogen unit in the growing chemical basin of Karabatan, close to the Atyrau refinery.

Air Liquide Munay Tech Gases will invest 15 million euros in a new unit to supply up to 8,000 Nm3/h nitrogen to the new 500,000 ton per year polypropylene plant under construction by KPI in the first Integrated Gas-Chemical Complex Construction Project in Atyrau region, aiming at becoming a world-class petrochemical basin.

Air Liquide Munay Tech Gases, a company jointly owned by Air Liquide (75%) and KazMunayGaz, the Kazakhstan national oil & gas company (25%), has been successfully supplying for over one year hydrogen to the Pavlodar Oil and Chemistry Refinery, an affiliate of KazMunayGaz.

This new project, planned to be operational by the second quarter of 2021, marks the second milestone in the development of the Group in Kazakhstan.

François Jackow, Executive Vice-President and a member of the Executive Committee supervising industrial activities in Europe said: “We are delighted to participate in this project and to be part of what is an important development for this new promising chemical basin.

Air Liquide will bring its technological know-how and expertise to contribute to the modernization of the industry in the country.

This important milestone also illustrates the strengthening of our joint-venture with KazMunayGaz and the continuing growth of our activities in Kazakhstan.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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