Air Liquide and Severstal Extend Their Partnership With a New Long-term Contract in Major Oxygen Site in Continental Europe
04 Giugno 2021 - 06:14PM
Dow Jones News
Regulatory News:
Air Liquide (Paris:AI) and PAO Severstal, one of the leading
steel producers, have signed a new long-term contract for the
supply of oxygen to the Severstal CherMK site in Russia. Air
Liquide will invest around 60 million euros in the construction of
a state-of-the-art Air Separation Unit (ASU) on the site, one of
the largest oxygen sites in continental Europe, where it already
owns three other ASUs. Thanks to enhanced energy efficiency, this
new unit will improve the overall environmental footprint.
Air Liquide will design and build a new state-of-the-art ASU on
the Severstal CherMK site in Cherepovets, one of the most
competitive steel making sites worldwide. The new unit will produce
1,000 tons of oxygen per day. This is the fourth ASU installed by
Air Liquide in Cherepovets.
Planned to be started up by the end of 2023, the unit will be
owned and operated by Air Liquide Severstal, a joint venture
established in 2005 between Air Liquide (75%) and Severstal (25%).
It will bring the total production capacity on this site, one of
the largest sites for Oxygen production in continental Europe, at
above 8,000 tonnes of oxygen per day.
This new ASU is characterized by improved energy efficiency. In
the framework of the agreement the two companies have also
committed to further reduce the CO(2) emissions arising from the
oxygen production, in line with Air Liquide's commitments to
address the urgency of climate change and to act for a sustainable
future.
Francois Jackow, Executive Vice President and a member of the
Air Liquide Group's Executive Committee supervising Europe
Industries activities, said: "This new contract will further
strengthen our long-term partnership with Severstal, which we have
been regularly building since 2005. Through our know-how and
innovative solutions, we will keep working with Severstal to lower
the environmental footprint of this major industrial site of
Cherepovets. As part of its objective to reach carbon neutrality by
2050, Air Liquide is committed to address the urgency of climate
change and to act for a sustainable future".
Alexander Shevelev, CEO of Severstal Management, said:
"Severstal pays great attention to reducing its environmental
impact, and we are committed to achieving the gradual
decarbonization of our production processes. We have set ourselves
the near-term target of reducing our greenhouse gas emissions
intensity by 3% by 2023 compared to 2020 levels, and we fully
intend to set new and ambitious goals. I am confident that our
agreement with Air Liquide, a long-standing partner of Severstal
and a leader in sustainable development, will contribute
significantly towards the implementation of our environmental and
climate strategy".
Air Liquide in Russia
Air Liquide was established in Russia in 1989 and was primarily
involved in the sale of industrial gas production equipment. In
2005, OOO Air Liquide, the Russian subsidiary for production and
sale of industrial gases was founded. Today, the company operates
18 industrial sites in key regions. More than 700 employees supply
products and services to over 1,700 customers.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 78 countries with
approximately 64,500 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide's scientific territory and have been at the core of the
company's activities since its creation in 1902.
Air Liquide's ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability -
with a strong commitment to climate change and energy transition at
the heart of its strategy. The company's customer-centric
transformation strategy aims at profitable, regular and responsible
growth over the long term. It relies on operational excellence,
selective investments, open innovation and a network organization
implemented by the Group worldwide. Through the commitment and
inventiveness of its people, Air Liquide leverages energy and
environment transition, changes in healthcare and digitization, and
delivers greater value to all its stakeholders.
Air Liquide's revenue amounted to more than 20 billion euros in
2020. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, EURO STOXX 50 and
FTSE4Good indexes
www.airliquide.com
Follow us on Twitter @airliquidegroup
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CONTACT: Corporate Communications
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
Air Liquide in Russia Communications
Ksenia Amaryan
+7 495 641 28 98
SOURCE: Air Liquide
Copyright Business Wire 2021
(END) Dow Jones Newswires
June 04, 2021 12:00 ET (16:00 GMT)
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