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Linde to Manage Gas Supply System for Hebei Puyang Iron and Steel
11/30/2011 - Under the terms of this on-site agreement, Linde acquires the Wu'an steelworks' seven existing air separation units (ASUs) and pipeline network, and will operate and modernize them to incorporate the latest technical developments. Linde also will build a new ASU on site.
The Linde Group has been selected to manage the entire gas supply system for steel company Hebei Puyang Iron and Steel Ltd. in Wu'an (Hebei province in the North China region). Linde will invest around EUR 120 million in the project. An agreement outlining the terms of the deal was recently signed by both companies.
Under the terms of this on-site agreement, Linde acquires the steelworks' seven existing air separation units (ASUs) and pipeline network, and will operate and modernize them to incorporate the latest technical developments. Linde’s Engineering Division will also build a new ASU on site with a production capacity of 30,000 normal cubic meters of oxygen per hour.
Scheduled to go on stream in 2014, the new ASU will partially replace older, less energy efficient plants, meeting rising demand for gaseous oxygen at the steelworks. The new ASU will also produce surplus liquid gases for the regional market.
Hebei Puyang Iron and Steel is a privately owned company that produces around 6 million tonnes of steel every year in Wu'an. This is used to create plate, hot rolled coil, strip, tube and wire rod for industries such as construction, shipbuilding, and manufacturing.
The Linde Group is a gases and engineering company with around 50,000 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared toward sustainable earnings-based growth and focuses on the expansion of its international business with forward-looking products and services. In Greater China, Linde has close to 4000 employees working in about 50 subsidiaries and joint ventures, and 150 operational plants in major industrial hubs across the region. Linde Greater China is headquartered in Shanghai.
