07 October 2010 09:27 [Source: ICIS news]
SINGAPORE (ICIS)--French industrial gasses producer Air Liquide said on Thursday it has signed an agreement with Russian producer RusVinyl to supply oxygen, nitrogen and compressed dry air to its new polyvinyl chloride (PVC) plant in Kstovo, Russia.
Air Liquide would invest, build and operate a new air separation unit with a capacity of more than 350 tonnes/day of oxygen in Kstovo, in the region of Nizhegorodskaya Oblast, the company said in a statement.
RusVinyl’s new PVC plant was scheduled to start up at the end of 2012, it said.
RusVinyl is a joint venture (JV) between Russia’s chemical firm Sibur and Belgian PVC producer Solvin.
“This new investment allows us to expand our activities on a long-term basis with a major player of the chemical industry in Russia and create a solid basis for future developments of gas sales in a very promising economic region of Russia,” said Guy Salzgeber, a member of the Air Liquide Group’s executive committee.
Air Liquide would also be producing large quantities of liquid air gases, such as oxygen, nitrogen and argon, to meet the needs of industrial customers in the Nizhegorodskaya Oblast region, the company said.
“The Air Liquide investment amounts to €60m ($83.3m) - for the production facilities and for the supply chain - altogether,” it added.
($1 = €0.72)
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