Air Liquide and Eastman in Gases Deal
The French industrial gases producer will invest more than $160 million to modernize its existing assets and build a new air separation unit (ASU) and partial oxidation (POX) unit. The units, which Air Liquide will integrate into its existing facilities, will start production in late 2021.
The POX facility will use the company’s patented Lurgi technology and will capture and recycle CO2, reducing the carbon intensity of operations.
“This project and supply agreement reflect Eastman’s focus to invest in growth opportunities through strategic partnerships to create positive economic and environmental benefits,” said Eastman chairman and CEO Mark Costa.
Air Liquide announced last month that it had started exclusive negotiations with Sasol for the acquisition of the South African company’s oxygen production site in Secunda.
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Air Liquide has agreed to supply Eastman Chemical with additional gaseous oxygen, nitrogen and syngas. The gases group will invest more than $160 million to modernize existing assets and build a new air separation unit and partial oxidation unit to start up in late 2021. (c) Air Liquide
