Air Products has penned a supply contract with Voronezhsintezkauchuk, a subsidiary of Russian petrochemical company SIBUR, for a new on-site air separation unit (ASU). The agreement marks the first of its kind between Air Products and a state-owned Russian firm.
The ASU will offer the capacity to produce up to 3,000m/hour of gaseous nitrogen when on-stream in 2012, as well as 16,000m/hour of dry compressed air. Whilst providing Voronezhsintezkauchuk with its industrial gas needs, Air Products will also offer liquid product to the Russian market.
Rob Mills, Business Development Manager for Russia and Eastern Europe at Air Products, said, “We are continually looking for opportunities that allow us to strengthen our position in growth regions, whether it’s through acquisitions such as BOC Gazy in Poland or by investing in long-term agreements like the significant one we have now signed with Voronezhsintezkauchuk.”
The new agreement marks the first between Air Products and a state-owned Russian firm. Within this, Air Products will own, operate and maintain the ASU which will be located at Voronezhsintezkauchuk’s site.
Mills continued, “Building reliable, mutually beneficial relationships with Russian firms is a key enabler in capitalizing on long-term growth opportunities in this territory. As Voronezhsintezkauchuk recognizes, the benefits of on-site gas production facilities in a vast and rapidly expanding marketplace are significant and can bring substantial commercial advantages to both the customer and supplier.”
... to continue reading you must be subscribed
