13 September 2010 17:33 [Source: ICIS news]
LONDON (ICIS)--French industrial gasses producer Air Liquide on Monday signed a long-term hydrogen supply agreement with Saudi Aramco for the oil giant's new grassroots refinery at Yanbu Industrial City, Saudi Arabia.
Under the terms of the supply agreement, Air Liquide Arabia would invest $450m (€355m) in two hydrogen production units with total production capacity of 262m standard cubic feet/day.
The project, which was forecast to be commissioned in 2014, would be Air Liquide’s largest single industrial investment, the group said.
“The outsourcing of the hydrogen needs of such a big refinery is a first in the Middle East and representative of a long-term trend in this zone,” said Pierre Dufour, senior executive vice-president of the Air Liquide Group supervising the ?xml:namespace>
“This project also reinforces our strategic and growing presence in the
The new complex would be designed and built by Lurgi, a division of Air Liquide Engineering, the group added.
($1 = €0.79)
To discuss issues facing the chemical industry visit ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|