Malaysia's Air Liquide group - global supplier of industrial and medical gases, plans to invest €45 mln (Rs 300 crore) in India on a new air separation unit. This unit will meet the needs of Indian Oil Corporation's 3 mln tpa Naphtha Cracker complex. The unit will manufacture 850 tonnes per day of oxygen and will also produce liquid oxygen, nitrogen and argon.
The plant will be built by its Indian subsidiary Air Liquide Engineering India and is scheduled for commissioning by July 2009. IOC has inked a long-term contract for its oxygen and nitrogen gas requirements with Air Liquide. Air Liquide will also supply to other industrial merchant markets in northern India, where it has been present through its Indian subsidiary since 1996.
08-Oct-08 
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