BOC and Maanshan Iron & Steel Co., Ltd (Ma Steel) have signed a contract to form a 50/50 joint venture (JV) to meet the growing industrial gases needs of Ma Steel in Maanshan City, Anhui Province, China.
Ma Steel is one of Chinas premier iron and steel producers. Last year it produced 8 million tonnes of finished steel products. The company is recognised by industry analyst World Steel Dynamics as a world-class steelmaker.
The JV, Maanshan BOC-Ma Steel Gases Company, will initially invest nearly US$100 million in building and operating two large air separation units (ASUs) each capable of producing 1,400 tonnes a day of oxygen. The plants will produce a combined total of more than 5,000 tonnes a day of oxygen, nitrogen and argon and are expected to come on stream in 2007.
BOCs subsidiary, BOC India Limited, has been awarded the contract for supplying the gases requirements for an expansion programme being undertaken by Jindal Vijaynagar Steel Limited (JVSL) at Bellary, Karnataka, Southern India.
... to continue reading you must be subscribed
