China's economy is very dynamic and Air Liquide is developing its activities in the country at a quick pace serving numerous customers as illustrated by the many major ontracts it has signed this year, in the steel and photovoltaic sectors amongst others.
Air Liquide has just signed a long-term contract with Tongmei Guangfa Chemical Industry Co., Limited, whose major shareholder is Datong Coal Mine Group Company.
Under the terms of the agreement, Air Liquide will invest around €60 million in a large Air Separation Unit (ASU) with production capacity of 2,000 tonnes of oxygen per day to supply oxygen and nitrogen to the customer's methanol production project in Datong, Shanxi province. Industrial production is scheduled to begin in July 2012. During phase 1 of the project, 600,000 tonnes of methanol will be produced per year.
Datong Coal Mine Group is the third biggest coal production company in China, with coal production of 113 million tonnes and sales revenue of 60 billion yuans in 2009. This new contract illustrates Air Liquide's significant expansion in China. By the end of June 2010, Air Liquide had commissioned in China new oxygen capacities of more than 12,000 tonnes per day in just one year, with 8 new ASUs based in Zhanjiagang (Jiangsu), Cangzhou (Hebei), Tianjin and Dongying (Shandong).
Jiang Yu, Chairman of Tongmei Guangfa Chemical Industry Co., Limited, said:“We are delighted to enter into a long-term partnership with Air Liquide. Thanks to its worldwide experience and technologies, we will benefit from a safe, reliable and energy efficient supply of industrial gases.”
Jean-Marc de Royere, Senior Vice-President of Asia-Pacific, a member of the Air Liquide's Executive Committee, said: “It is a great achievement for Air Liquide to successfully develop another partnership with this new customer in China. We want to thank Datong Coal Mine Group and Guangzhou Development Industry for their trust. This new major contract is symbolic of the numerous and big recent developments of Air Liquide in China. Developing economies are a growth driver of Air Liquide.”
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