17 June 2013 08:51 [Source: ICIS news]
SINGAPORE (ICIS)--Linde will manage and invest nearly €70m ($93m) in the gas supply infrastructure of Russian petrochemical company SIBUR, the German firm said in a statement on Monday.
Under the agreement, Linde will take responsibility for SIBUR's four air separation units in Dzerzhinsk, Russia. The company will modernise these plants in order to increase their energy efficiencies.
Two new air separation units will be also built in Dzerzhinsk by Linde’s engineering division. The units are expected to come on line in the fourth quarter of 2015 and they will be operated by Linde’s gases division upon completion.
“This deal will enhance the operational efficiency of SIBUR's ethylene oxide [EO] and glycols plants in Dzerzhinsk and enable us to further strengthen our leading positions in Russia and CIS markets,” added SIBUR.
($1 = €0.75)
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