Air
Liquide (Paris:AI) is stepping up its investment on Jurong Island, Singapore's
wholly integrated energy and chemicals hub.
Air Liquide, through SOXAL, its Singapore
wholly-owned subsidiary, will invest around Euro 35 million (S$60 million) to
expand its industrial gas infrastructure on Jurong Island and supply oxygen and
nitrogen under a long term supply agreement to CCD (Singapore), a joint venture
between Taiwan's Chang Chun and Dairen Chemical.
The new Air Separation Unit (ASU) will be
connected to Air Liquide's pipeline network. It will increase the oxygen
production capacity of the existing Air Liquide infrastructure by 20%. It will
also produce argon for its industrial merchant activity. The plant will be
designed, developed and built by Air Liquide Engineering & Construction
teams and will be commissioned in 2013.
Over the last years, Air Liquide has invested
around ?280 million (around S$500 million) in Jurong Island, Singapore. The
company was amongst the first companies to set foot on Jurong Island and
today's infrastructure includes the largest hydrogen production plant in
Southeast Asia as well as 120 kilometres pipeline network.
Both Chang Chun and Dairen Chemical are market
leaders in their respective fields. The project of CCD (Singapore) is the first
major operation by the Taiwanese petrochemical companies in the city-island.
Air Liquide will supply three new plants of CCD (Singapore) producing Allyl
Alcohol (AAL), Vinyl Acetate Monomer (VAM) and Cumene, which are used to
produce a variety of products ranging from plastics, paints, adhesives to
textiles.
Mr Huang Fu-Chu, CEO, CCD (Singapore) said:
"Singapore's Jurong Island is among the world's top 10 petrochemical hubs.
We are delighted to tap into SOXAL's well-established production units and
network which will ensure increased reliability of supply."
Jean-Marc de Royere, Senior Vice-President
Asia Pacific and a member of the Air Liquide Executive Committee, said:
"Air Liquide is pleased to support and grow with Chang Chun and Dairen
Chemical as they increase their manufacturing footprint outside Taiwan. This
newest investment underscores our commitment to Singapore's chemicals and
energy sector, to deliver an efficient and reliable gas supply with
leading-edge technologies. Asia remains a promising zone for Air Liquide."
The Large Industries Business Line of the Air
Liquide Group
offers gas and energy solutions that improve
process efficiency and help achieve greater respect for the environment, mainly
in the refining and natural gas, chemicals, metals and energy markets. 2010
revenues were ?4,019 million.
Air Liquide in Singapore
Air Liquide, operating in Singapore since 1911
through Far East Oxygen, an entity which was integrated into SOXAL (Singapore
Oxygen Air Liquide) in 1975, has made significant investments in Singapore,
notably on Jurong Island to serve the growing chemicals and refining customers.
It is also present on mainland Singapore, providing other companies of the
electronics, renewable energy, pharmaceuticals, and marine sectors.
Air Liquide, the leader in the Singapore
market, employs close to 800 people recognized for their high levels of expertise.
SOXAL became a 100% affiliate of Air Liquide in 2007. SOXAL is the largest and
leading gas company in South-East Asia today.
In 2011, Air Liquide started up in Jurong
Island a new hydrogen production plant capable of producing close to 100,000
Nm3 per hour.
Air Liquide is the world leader in gases for
industry, health and the environment, and is present in 80 countries with
43,600 employees. Oxygen, nitrogen, hydrogen and rare gases have been at the
core of Air Liquide's activities since its creation in 1902. Using these
molecules, Air Liquide continuously reinvents its business, anticipating the
needs of current and future markets. The Group innovates to enable progress, to
achieve dynamic growth and a consistent performance.
Innovative technologies that curb polluting
emissions, lower industry's energy use, recover and reuse natural resources or
develop the energies of tomorrow, such as hydrogen, biofuels or photovoltaic
energy... Oxygen for hospitals, homecare, fighting nosocomial infections... Air
Liquide combines many products and technologies to develop valuable
applications and services not only for its customers but also for society.
A partner for the long term, Air Liquide
relies on employee commitment, customer trust and shareholder support to pursue
its vision of sustainable, competitive growth. The diversity of Air Liquide's
teams, businesses, markets and geographic presence provides a solid and
sustainable base for its development and strengthens its ability to push back
its own limits, conquer new territories and build its future.
Air Liquide explores the best that air can
offer to preserve life, staying true to its sustainable development approach.
In 2010, the Group's revenues amounted to ?13.5 billion, of which more than 80%
were generated outside France. Air Liquide is listed on the Paris Euronext
stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro
Stoxx 50 indexes.
www.airliquide.com
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