Air Liquide awarded a major coal gasification contract in China

  Air Liquide awarded a major coal gasification contract in China

Business Wire

PARIS & SHANGHAI -- May 24, 2013

Regulatory News:

Air Liquide (Paris:AI) has just signed a long-term contract with Fujian
Shenyuan New Materials Co., Ltd (Fujian Shenyuan) to supply industrial gases
for its caprolactam production project located in Lianjiang Kemen Economic &
Development Zone, Fujian Province, South-East of China.

Under the terms of the contract, Air Liquide will invest in an industrial
gases complex of eight units including an Air Separation Unit of 2,000 tonnes
of oxygen per day, a Gasification unit, a Purification unit of synthesis gas
(Rectisol^TM) and an ammonia plant to supply hydrogen, nitrogen and ammonia.
Six plants out of the eight of the complex are based on AirLiquide’s
proprietary world-leading technologies. They will contribute to purify
synthesis gas and avoid sulfur emissions, which are notably responsible for
acid rain. In addition, Air Liquide possesses strong operations and
engineering integration capabilities in China as well as expertise in coal
gasification in terms of energy efficiency, enabling the Group to operate a
full supply chain from coal and oxygen to pure hydrogen.

These plants, to be commissioned beginning of 2016, will produce 75,000 Nm^3/h
of hydrogen and 250,000 tonnes per year of ammonia. Pure oxygen is used to
transform coal in synthetic gas, to produce hydrogen. Hydrogen and ammonia are
necessary for the production of caprolactam, an intermediate for nylon in the
textiles industry.

Fujian Shenyuan is a private company. The Group who owns Fujian Shenyuan also
owns two other downstream companies, to which Fujian Shenyuan will supply 100%
of its caprolactam production. These two companies together have a 12% market
share of the nylon textile filament market in China.

Chairman Chen of Fujian Shenyuan,  said: “We are delighted to cooperate with
AirLiquide, with which we share the same long term industrial vision, and
have full confidence in its technological capability to meet our demand.”

Jean-Marc de Royere, Senior Vice-President Asia-Pacific and a member of Air
Liquide Executive Committee, commented: “By leveraging the Group’s
technologies, as well as excellent project and operations skills of our teams
in China, we will provide our customer with high value-added solutions. This
project enables to valorize natural resources using our technologies to
increase the competitiveness of our customer. Our cutting-edge technologies
allow us to open new markets.”

Air Liquide in China
operates more than 60 plants and employs 4,000 employees today, with a strong
presence in the key coastal industrial areas, and is expanding into the
center, northeast, south and west.
Air Liquide also has strong Engineering and Construction capabilities based in
Hangzhou and Shanghai.
Air Liquide entered China in 1916, returned to supply Air Separation Units in
the 1970s and restarted gas operations in 1990.

Air Liquide is the world leader in gases for industry, health and the
environment, and is present in 80countries with close to 50,000employees.
Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air
Liquide’s activities since its creation in 1902. Using these molecules, Air
Liquide continuously reinvents its business, anticipating the needs of current
and future markets. The Group innovates for the good of society while
delivering profitable growth and consistent performance.

Innovative technologies that curb polluting emissions, lower industry’s energy
use, recover and reuse natural resources or develop the energies of tomorrow,
such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, home
healthcare, fighting nosocomial infections… Air Liquide combines many products
and technologies to develop valuable applications and services not only for
its customers but also for society.

A partner for the long term, Air Liquide relies on employee commitment,
customer trust and shareholder support to pursue its vision of sustainable,
competitive growth. The diversity of Air Liquide’s teams, businesses, markets
and geographic presence provides a solid and sustainable base for its
development and strengthens its ability to push back its own limits, conquer
new territories and build its future.

Air Liquide explores the best that air can offer to preserve life, staying
true to its Corporate Social Responsibility and sustainable development
approach. In 2012, the Group’s revenues amounted to €15.3billion of which
82% were generated outside France. AirLiquide is listed on the Paris Euronext
stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones
Euro Stoxx 50 indexes.

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Corporate Communications
Corinne Estrade-Bordry, + 33 (0)1 40 62 51 31
Garance Bertrand, + 33 (0)1 40 62 59 62
Investor Relations
Virginia Jeanson, +33 (0) 1 40 62 57 37
Annie Fournier, +33 (0) 1 40 62 57 18
Air Liquide (China) Holding Co., Ltd.
Jenny Ying, + 86 (21) 6090 3607
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