Air Liquide Signs a Long Term Contract with Major Petroleum Group in Oman
April 06 2017 - 1:30AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) and Oman Oil Refineries and Petroleum
Industries Company (Orpic), Oman’s national refining company,
recently signed a long term agreement for the supply of nitrogen to
the Liwa Plastics Industries Complex (LPIC), a new plastics
production complex including the country’s first steam cracker
Orpic is adding to its existing production facilities, in Sohar
industrial port area in Oman. Investing around €20 million to
build a state-of-the-art nitrogen production unit with a total
capacity of 500 tonnes of nitrogen per day, Air Liquide will
strengthen its leadership position in a key industrial area to
support the growth of its customer Orpic.
Expected to start operations in the first quarter of 2019, the
new nitrogen plant, along with the expansion of
Air Liquide’s existing pipeline network, will supply
nitrogen for the customer’s plastics production complex
expanding to a capacity of polyethylene and polypropylene of
1.4 million tonnes per year. Those plastics components are
needed for many applications in derived products from petroleums
such as packaging industries as well as other industrial
applications.
The nitrogen production unit will be designed and built by Air
Liquide’s Engineering and Construction teams using cutting edge
technologies and bringing its world class expertise. It will be
owned and operated by Air Liquide Sohar Industrial Gases
Company.
François Jackow, member of the Air Liquide Group’s
Executive Committee, supervising Africa, Middle East and India,
said: “We are pleased to strengthen our relationship with a
strategic petrochemical player such as Orpic. Air Liquide
demonstrates its ability to continue capitalizing on its existing
assets, such as its pipeline network located in the most dynamic
industrial basin of Sohar. With this new nitrogen supply contract,
Air Liquide will support the development of the
petrochemical industry in Oman.”
Christiaan van der Wouden, Chief Operating Officer of
Orpic, said: “Orpic is pleased to expand its collaboration with
Air Liquide and to secure the highest competitive, reliable and
safe supply of nitrogen to the Liwa plastics Industries Complex
(LPIC) project, which is critical to the development of a
downstream plastics industry in Oman.”
Air Liquide in OmanAir
Liquide announced its entry into the industrial gases market in
Oman in 2006 and now operates two nitrogen production units in
Sohar Industrial port area located approximately 200 kilometers
north of Muscat.
The Large Industries business line of
Air Liquideoffers gas and energy solutions that improve
process efficiency and help achieve greater respect for the
environment, mainly in the refining and natural gas, chemicals,
metals and energy markets. In 2016, revenues were €5,037
million.
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The world leader in gases, technologies and services for
Industry and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Air Liquide’s ambition is to lead its industry, deliver long
term performance and contribute to sustainability. The company’s
customer-centric transformation strategy aims at profitable growth
over the long term. It relies on operational excellence, selective
investments, open innovation and a network organization implemented
by the Group worldwide. Through the commitment and inventiveness of
its people, Air Liquide leverages energy and environment
transition, changes in healthcare and digitization, and delivers
greater value to all its stakeholders.
Air Liquide’s revenue amounted to €18.1 billion in 2016 and its
solutions that protect life and the environment represented more
than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
www.airliquide.comFollow us on Twitter
@airliquidegroup
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Air LiquideCorporate CommunicationsCaroline
Brugier, +33 (0)1 40 62 50 59orAurélie Wayser-Langevin, +33 (0)1 40
62 56 19orInvestor RelationsParis, +33 (0)1 40 62 50
87orRadnor, +1 610 263 8277orAir Liquide Africa, Middle East and
India CommunicationsBahaa Hage, +971 55 982 8090
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