Air Liquide invests $150m in Middle East expansions

28 July 2009 09:29  [Source: ICIS news]

LONDON (ICIS news)--Air Liquide has committed to several new investments in the Middle East totalling $150m (€105m), the French industrial gases company said on Tuesday.

In Oman, the company has commissioned a new nitrogen unit at the OPRC refinery in Muscat. The facility would supplement Air Liquide’s two existing facilities in the Industrial Park of Sohar, commissioned in 2006 and 2008.

The company was also starting up a new oxygen unit in Alexandria, Egypt, to supply a steel mill owned by EZZ. The project would bring total installed capacity at the site to 700 tonnes/day of oxygen.

Air Liquide also commissioned an air separation unit near Cairo, producing 140 tonnes/day of liquid oxygen and nitrogen.

The $150m also included the acquisitions of Pure Helium, which has activities in India and the Middle East, and Saudi Arabia’s Al Khafrah Industrial Gases.

($1 = €0.70)

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By: Mark Watts
+44 20 8652 3214

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