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Air Liquide Increases Its Presence In Kazakhstan With A Significant Acquisition And Long-Term Contract
Air Liquide increases its presence in Kazakhstan through its 75% owned joint venture Air Liquide Munay Tech Gases (ALMTG). The joint venture will invest up to 86 million euros to acquire hydrogen and nitrogen production units from Atyrau refinery owned by KazMunayGas and to modernize them.
In the framework of a new long-term agreement, ALMTG will operate these assets to supply industrial gases to the Atyrau refinery. Up to 200 million Nm3 of hydrogen and up to 50 million Nm3 of nitrogen will be produced annually on the site for different production processes, including desulfurization of fuels.
Air Liquide JV to Invest 103 Million Dollars in Hydrogen, Nitrogen Units
Kazakhstan: Industrial Gases Air Liquide JV to Invest 103 Million Dollars in Hydrogen, Nitrogen Units
05.03.2021Editor: Ahlam Rais
Air Liquide’s JV firm Air Liquide Munay Tech Gases has plans to make the hefty investment in order to acquire hydrogen and nitrogen production units in Kazakhstan from Kazmunaygas’ Atyrau refinery. Related Companies (Source: Deposit Photos)
Paris/France – Air Liquide increases its presence in Kazakhstan through its 75 % owned joint venture Air Liquide Munay Tech Gases (ALMTG). The joint venture will invest up to 103 million dollars (86 million euros) to acquire hydrogen and nitrogen production units from Atyrau refinery owned by Kazmunaygas (KMG) and to modernize them.
(Page 1) Air Liquide S.A. (Paris, France) increased its presence in Kazakhstan through its 75% owned joint venture Air Liquide Munay Tech Gases (ALMTG). The joint
Air Liquide Increases Its Presence In Kazakhstan With A Significant Acquisition And Long-Term Contract hydrocarbononline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbononline.com Daily Mail and Mail on Sunday newspapers.