Air Liquide: signature of a new major contract with Severstal
The Air Liquide Group announces the expansion of its partnership with the Russian steel major through the signature of a new contract for outsourcing of industrial gases in Cherepovets
Metallurgy is one of the main industrial sectors of Russia contributing significantely to the country’s economy. After a slowdown at the end of 2008 and at the beginning of 2009, an average of 6% per year growth in volume is expected over the next 4 years to exceed 80 million tonnes of steel production output in 2014.
In this context, after the successful start-up in 2007 of the largest Air Separation Unit in Russia at Severstal integrated steel mill in Cherepovets, the Air Liquide Group announces the expansion of its partnership with the Russian steel major through the signature of a new contract for outsourcing of industrial gases in Cherepovets.
The production capacity of the new unit, which is scheduled to start-up at the end of 2012, will reach 2,000 tonnes per day of gaseous oxygen. It will also produce nitrogen, argon and rare gases. The new state-of-the-art Air Separation Unit, designed by Air Liquide, will be built and operated by Air Liquide Severstal (ALS), the joint venture created in 2005 in which Air Liquide holds 75% and Severstal 25%. This new unit, based at Cherevopets, will bring the total production capacity of ALS on this site to 5,000 tonnes per day.
The global investments will amount to €50 million.
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