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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Linde, Sibur sign gas supply deal; Linde to build 2 ASUs
6:26 AM MDT | June 21, 2013 | —Natasha Alperowicz
Linde and Sibur (Moscow), the largest petrochemical company in Russia, say they have signed a long-term contract under which Linde will manage the gas supply infrastructure of Sibur. Linde, as part of the deal, will invest €70 million ($92 million) to build and operate 2 air separation units (ASU) at Sibur’s Dzerzhinsk site, in Russia’s Nizhniy Novgorod region. The two on-site ASUs are expected onstream at the end of 2015. Linde will initially modernize Sibur’s four existing ASUs at Dzerzhinsk, to increase energy efficiency. Linde’s...
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