The Linde Group has announced that it has signed an agreement with Wanhua Chemical Group, the world’s largest producer of isocyanate (MDI), to expand the supply of gas to phase II of Wanhua Chemical’s Yantai operations.
Under the new agreement, Linde will invest €108m ($126m) to build two additional energy efficient steam-driven air separation units (ASUs), complementing the two existing ASUs already in place, to meet Wanhua Chemical’s growing demand for industrial gases.
Sanjiv Lamba, Chief Operating Officer for Asia Pacific and Member of the executive board at Linde AG, said, “The agreement with Wanhua Chemical underscores our long and valued partnership. China continues to be an important part of Linde’s Asia profitable growth strategy. Aside from robust domestic demand, Chinese businesses are increasingly looking for opportunities abroad. Being able to meet the demand for high quality industrial gases, delivered with the same reliability and efficiency, anywhere in the world, is Linde’s compelling proposition for companies that want to take their business global.”
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