ADVERTISEMENT

World’s largest ASU in Russia

World

Air Liquide and Severstal, Russia’s second largest steel company, have launched the world’s biggest air separation unit in the steel industry in a €100 million project.

Russian metal giant Severstal has teamed up with the French industrial gases firm to build the world’s biggest oxygen production unit, located in Cherepovetz in the Volagda region of Russia.

Air Liquide intends to increase its investment in Russia, with up to 15 projects thought to be underway as part of its search for new partners in the country. While the gases supplied by the unit will help Severstal improve its energy efficiency, it will also help expand Air Liquide’s business in Eastern Europe.

Aleksay Shuvalov, head of Air Liquide Severstal JV, commented, “The budget for this project was about €100 million and as already mentioned, we did not exceed that budget. Severstal has a 25% stake in the project, while Air Liquide controls the rest.” The unit, which was officially launched this week, has a capacity of 3,000 tpd of oxygen and will supply the steel mill with pure, high-pressure oxygen, as well as nitrogen and argon.

For Air Liquide, the project is a further step forward for future developments in the region. Executive vice president Klaus Schmieder stated, “Liquefied oxygen will be supplied to many customers in the area in many industries, like the food and metal-working industry, and in environmental applications. It is a starting-point for a growing business in a market which has a lot of attention to us, that is – Russia.” Oxygen accounts for around 20% of the air we breathe and is one of the most vital elements in steel production. (gasworld.com)

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.