Linde to build two air separation plants in China
7/29/2011 12:00:00 AM
The contract for the project, which will involve investment of around €130 million, was signed this week.
"We are very excited to be working with Wanhua in this project and further enhancing our strategic relationship with a company that is truly taking the lead in advancing the technological ladder in China and globally,” said Sanjiv Lamba, the Linde AG executive board member responsible for the Asian business of the group.
“This order is also a further confirmation of our successful expansion in a region of dynamic growth,” he continued. “This project will enable us to strengthen our position as the leading gases and engineering company in China."
The two plants, which are to be built by Linde’s engineering division, each have a capacity of 55,000 normal cubic meters/hour of oxygen
They are expected to come on stream between end 2013 and at the start of 2014, when they will supply oxygen and nitrogen to Yantai Wanhua’s production plants.
In addition, Linde will produce liquefied products for the open market in the Shandong region. The project includes the construction of a 20-kilometre pipeline in the Yantai Economic and Technology Park.
Yantai Wanhua is the only Chinese company which has the technical know-how to produce MDI, officials said.
MDI is an intermediate product in the manufacture of polyurethane, which is used in large quantities for example in the construction and automobile industries. China is in the process of becoming one of the principal markets for MDI.
The Shandong province in the east of China is the third largest province in China in terms of gross domestic product.
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