December 10, 2012 UK
Air Products and Sibur, a leading Russian petrochemical business, are jointly celebrating the opening of a new air separation unit (ASU) in Russia. The new plant is located at Sibur's OAO Voronezhsynthezkauchuk facility.
As a part of the agreement signed in 2010, Air Products will own, operate and maintain the ASU, which has been designed to satisfy the industrial gas requirements of Voronezhsynthezkauchuk - in particular, the supply of gaseous nitrogen and compressed dry air. The ASU has the capacity to produce up to 166.4 mln m3 per year. In addition to providing the customer with all of its industrial gas requirements, Air Products will also supply liquid product to the Russian market.
"Building reliable, mutually beneficial relationships with Russian firms, is a key enabler in capitalising on long-term growth opportunities in this territory. As Voronezhsintezkauchuk recognises, the benefits of on-site gas production facilities in a rapidly expanding marketplace are significant and can bring substantial commercial advantages to both the customer and supplier." commented Rob Mills, General Director, Russia and Commonwealth of Independent States at Air Products.
Air Products is committed to pursuing its strategy of investing in growth regions such as Russia. In addition to Voronezh, the company has also signed an agreement with the Rostov administration (announced in March 2012) to construct and operate an oxygen, nitrogen and argon liquefier with a 200+ ton per day capacity, including a cylinder gases depot, in Krasny Sulin, in the Rostov region. Expected to be on-stream in early 2014, the total value of the Rostov liquefier and packaged gases depot is in excess of USD $30 million (€ 25 million).
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About Air Products
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 20,000 employees in over 50 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air Products had sales approaching $10 billion. For more information, visit www.airproducts.com.
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