Sector News

Air Liquide to invest 130 mln euros in Russian site

May 29, 2018
Energy & Chemical Value Chain

French industrial gases company Air Liquide confirmed on Monday it would invest around 130 million euros ($152 million) in the construction of a plant in Novokuznetsk, Russia.

Interfax quoted Kemerovo Region interim Governor Sergei Tsivilev referring to a total investment of more than 900 million euros over 20 years.

“This is intended for 20 years in stages. The overall amount of investment is more than 900 million euros [for] all stages,” Tsivilev was quoted by Interfax as saying, adding the timetable would depend on the development of the regional economy.

The company said on Thursday it would invest around 130 million euros for the construction of two Air Separation Units (ASUs).

Air Liquide did not comment on the figure of 900 million euros cited by Interfax.

($1 = 0.8565 euros)

Source: Reuters via Nasdaq

comments closed

Related News

March 24, 2024

Thomas Gangl leaves Borealis

Energy & Chemical Value Chain

Appointed Borealis CEO in 2021, Thomas has led key initiatives including the sale of the nitrogen business, acquisitions of Rialti Spa and Integra Plastics AD, and Borouge’s IPO. He also made the final investment decision for the Borouge 4 plant, set to be the world’s largest polyolefin complex.

March 24, 2024

Chemours names Dignam permanent CEO

Energy & Chemical Value Chain

The Chemours Co. today named interim CEO Denise Dignam as the company’s permanent CEO and president, as well as a member of the board of directors, effective immediately. Dignam has been interim CEO since late February, when former CEO Mark Newman was placed on leave due to an internal investigation.

March 24, 2024

Neste merges three business lines into new Renewable Products unit

Energy & Chemical Value Chain

Neste Corp. (Espoo, Finland) has completed its organizational change process, announced on 1 November 2023. Neste informed that it will merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working.

How can we help you?

We're easy to reach