The Turkish steel producer Erdemir Group and the German technology company The Linde Group have signed a Letter of Intent to form a joint venture in order to build a new air separation unit (ASU) in Iskenderun, southern Turkey.
From 2017 onwards, the new plant – which will be the largest ASU operated by an industrial gases company in Turkey – will supply up to 1,700 tonnes of oxygen and nitrogen per day to a steel mill run by Isdemir, an Erdemir subsidiary, through a Build, Own, Operate (BOO) business model. This is the first international joint venture undertaken by the Erdemir Group, Turkey’s first and largest integrated flat steel producer, in its 50-year history.
“We are very pleased to partner with Erdemir, Turkey’s number one steel company,” said Dr Wolfgang Büchele, Chief Executive Officer of Linde AG. “By making this investment, we demonstrate our commitment in the growing Turkish market and our ability to add value thanks to our clear customer focus.”
Ali Pandir, the Erdemir Group Chairman, said: “Our vision of becoming a world-class company calls for a search for excellence in everything we do. Such an excellence concept includes maximum reliability and efficiency as well as minimum costs. We believe that partnering with the best-in-class companies such as Linde will help us approach our vision.”
The state-of-the-art ASU will be designed and constructed by Linde´s Engineering Division. The joint venture will also be responsible for the operation and maintenance of Isdemir’s existing industrial gases production facilities.
Source: The Linde Group
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?