The joint venture will invest up to 86 million euros to acquire hydrogen and nitrogen production units from Atyrau refinery owned by KazMunayGas and to modernize them.
Such investments will be carried out through the company’s 75% owned joint venture Air Liquide Munay Tech Gases (ALMTG) as part of an effort to increase its presense in Kazakhstan.
In the framework of a new long-term agreement, ALMTG will operate these assets to supply industrial gases to the Atyrau refinery.
Up to 200 million Nm3 of hydrogen and up to 50 million Nm3 of nitrogen will be produced annually on the site.
Francois Jackow, Executive VP and a member of the Executive Committee supervising Europe Industries activities, said:
- We are pleased to reinforce the collaboration we have been building with the market leader KazMunayGas since our entry in Kazakhstan;
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This new agreement illustrates our continued commitment to providing long-term expertise and innovative environmentally responsible solutions to our customers;
- With this investment - the most important we have yet announced in the country - to increase energy efficiency and provide reliable supply, we will contribute to the modernization and development of the country’s industry.
For more than 2 years, ALMTG has been operating hydrogen and nitrogen production units for KMG’s refinery of Pavlodar.
Air Liquide’s revenue amounted to more than 20 billion euros in 2020.
The company is present in 78 countries with approximately 64 500 employees.
