Air Liquide Arabia to invest more than US$35 million in Saudi Arabia
Saudi Aramco and Air Liquide Arabia announced that they had signed a new long-term nitrogen supply agreement for Saudi Aramco’s operations in Qurayyah, in the Eastern Province. This nitrogen will be used by Saudi Aramco in the processing of seawater related to oil production.
Under the terms of the agreement, Air Liquide Arabia will invest more than US$35 million in two Air Separation Units with a total production capacity of 500 tonnes per day. The facility will be designed and built by Air Liquide Engineering teams and commissioned in 2012. It will also support growing industrial merchant needs in the Eastern Province.
This new contract follows Air Liquide Arabia’s signature of a hydrogen supply agreement in September 2010 for Saudi Aramco’s large-scale refinery in Yanbu.
Also in Saudi Arabia, Air Liquide Al Khafrah Industrial Gases has started up a new high purity filling center in Dammam to deliver specialty gases to its key petrochemical customers. The investment amount for these new capabilities and the supply chain for bulk gases is US$10 million.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?