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December 10, 2013
Air Products forms JV to supply industrial gases in Oman
Air Products (Allentown, Pa.; www.airproducts.com
) and Takamul Investment Company, a subsidiary of the Oman Oil Company, have announced that they have signed a joint venture agreement to establish an integrated industrial gases venture, which will be a provider for a full range of industrial gases such as hydrogen, nitrogen and oxygen for customers in the Special Economic Zone at Duqm (SEZAD), Oman.
The joint venture will support the economic development of the Special Economic Zone at Duqm and will enhance its competitiveness to attract further industrial investments. It will also aim to leverage Air Products’ capabilities in large industrial gas plant design, pipeline infrastructure development and operational know-how, as well as Takamul’s strong multi-utility infrastructure position in Duqm, via its Centralised Utility Company (CUC).