Business & Economics :: Latest News
December 20, 2007
Linde seals exclusive gas contract in China
The $125 million project is single largest investment in Linde’s history in China
The Linde Group (Munich, Germany; www.linde.com) has secured a long-term contract with Ningbo Wanhua Polyurethane, which is one of the fastest growing chemical companies for the production of polyurethanes in China. Linde will supply oxygen and nitrogen to Wanhua’s world-scale plants in Ningbo, China, from 2010 onwards. This involves investments of approximately $125 million, making it the single largest investment in Linde’s history in China.
Linde Gas Ningbo, a wholly-owned company of The Linde Group, will build two sets of air separation units and a new 30-km long pipeline infrastructure. The plant will supply gases to Wanhua and Ningbo Steel. It will also co-produce 800 m.t./d of liquid nitrogen, oxygen and argon for the merchant market, as well as krypton and xenon rare gases.
Once the new plant is on-stream in 2010, Linde Gas Ningbo will form the largest air gas cluster in China with a total capacity of 8,000 m.t./d oxygen and nitrogen and 70 km network of pipelines. By 2012, Linde Gas Ningbo’s production capacity will be capable of supplying to multiple tonnage customers in the area.