DGAP-News: Linde AG: Linde to manage on-site gas supply for Russian petrochemical company SIBUR
(firmenpresse) - DGAP-News: Linde AG / Key word(s): Contract
Linde AG: Linde to manage on-site gas supply for Russian petrochemical
company SIBUR
17.06.2013 / 08:30
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Linde to manage on-site gas supply for Russian petrochemical company SIBUR
- Linde to invest around EUR 70 million
- Two new air separation units to be built in Dzerzhinsk
- One-stop shop for engineering and gas supply services
Munich, 17 June 2013 - Technology company The Linde Group will be managing
the gas supply infrastructure of SIBUR, the largest petrochemical company
in Russia, CIS and Eastern Europe, at its Dzerzhinsk site in the Nizhny
Novgorod region of Russia, also building and operating two new air
separation units (ASUs). Both companies signed a long-term contract to this
effect today. Under the deal, Linde will be investing EUR 70 million in the
ASUs. The new on-site plants are set to come on stream at the end of 2015.
'We are delighted to build further on our long-standing, successful
relationship with SIBUR through this new project,' said Professor Dr Aldo
Belloni, Member of the Executive Board of Linde AG. 'This on-site deal
bears further testimony to the success of our integrated business model.
Our customers can rely on us for a one-stop service covering both the
delivery of turnkey petrochemical plants and the enabling gas supplies.'
'This deal will enhance the operational efficiency of SIBUR's ethylene
oxide and glycols plants in Dzerzhinsk and enable us to further strengthen
our leading positions in Russia and CIS markets,' commented Valery Andosov,
Director for Strategy, SIBUR's Plastics and Organic Synthesis Division. 'We
are glad to execute this deal with Linde, a long-time and well-established
partner for SIBUR. The new unit will supply industrial gases not only to
SIBUR's plant in Dzerzhinsk but also to other businesses. By outsourcing
industrial gas supply, SIBUR will be able to focus on developing its core
operations,' said Sergey Merzlyakov, Managing Director - Head of Plastics
and Organic Synthesis business unit at SIBUR.
In an initial step, Linde will assume responsibility for SIBUR's four ASUs
in Dzerzhinsk and modernise these plants in order to increase energy
efficiency. As part of the next step, Linde's Engineering Division will
build two new ASUs, which - on completion - will be operated by Linde's
Gases Division. They will have a total production capacity of around 30,000
normal cubic metres of gaseous oxygen per hour (Nm3/h). The main aim of the
new ASUs is to supply the oxygen, nitrogen and compressed air required for
SIBUR's local ethylene oxide and glycols plants.
Linde will also use the plants to supply air gases to other customers at
the Dzerzhinsk chemicals hub via an extended pipeline network. In addition,
it will deliver liquid oxygen, nitrogen and argon to the regional market in
Nizhny Novgorod and beyond.
Linde is currently engaged in two other projects with SIBUR at its Tobolsk
site in Western Siberia. In June 2012, Linde won a licensing and Front End
Engineering Design (FEED) contract for one of the world's largest ethylene
plants. At Tobolsk, Linde also constructed a polypropylene plant, with an
annual capacity of 500,000 tonnes, which is currently being put into
operation.
The Linde Group is a world-leading gases and engineering company with
around 62,000 employees in more than 100 countries worldwide. In the 2012
financial year, Linde generated revenue of EUR 15.280 bn. The strategy of
the Group is geared towards long-term profitable growth and focuses on the
expansion of its international business with forward-looking products and
services. Linde acts responsibly towards its shareholders, business
partners, employees, society and the environment - in every one of its
business areas, regions and locations across the globe. The company is
committed to technologies and products that unite the goals of customer
value and sustainable development.
For more information, see The Linde Group online at www.linde.com.
Further information:
Media Relations Investor RelationsEnd of Corporate News
Uwe Wolfinger Dr Dominik Heger
Phone: +49.89.35757-1320 Phone: +49.89.35757-1334
Dr Thomas Hagn Lisa Tilmann
Phone: +49.89.35757-1323 Phone: 49.89.35757-1328
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17.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Linde AG
Klosterhofstraße 1
80331 München
Germany
Phone: +49.89.35757-01
Fax: +49.89.35757-1075
E-mail: info(at)linde.com
Internet: www.linde.de
ISIN: DE0006483001
WKN: 648300
Indices: DAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München, Stuttgart; Freiverkehr in
Hannover; Terminbörse EUREX; SIX
End of News DGAP News-Service
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