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Markets :: Industrial Gases
Linde and Sibur sign gas supply deal; Linde to invest in 2 air separation plants
7:11 AM MDT | June 17, 2013 | Natasha Alperowicz
Linde and Sibur (Moscow), the largest petrochemical company in Russia, have signed a long-term contract under which Linde will manage the gas supply infrastructure of Sibur, the companies announced today. Linde, as part of the deal, will invest €70 million ($93.3 million) to build and operate 2 new air separation plants at Sibur’s Dzerzhinsk site, in Russia’s Nizhniy Novgorod region. The new on-site plants are expected onstream end of 2015. “This on-site deal bears further testimony to the success of our integrated business model...
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