Major Investment in the U.S. : Air Liquide Expands Relationship with
PARIS & HOUSTON, Texas -- June 17, 2013
Regulatory News :
Air Liquide (Paris:AI) has signed a new long term contract with LyondellBasell
in the U.S. to provide steam, power, air gases and water to three
LyondellBasell sites in the Bayport Industrial District in Pasadena, Texas.
This agreement expands Air Liquide’s existing relationship with
LyondellBasell, a longstanding global customer and one of the largest
plastics, chemicals and fuels companies in the world.
Under this new agreement, Air Liquide will re-invest in a state-of-the-art,
energy efficient cogeneration unit, increasing its capacity and extending its
life by more than 20 years. The facility will have a full capacity of 300
megawatts of electricity and more than 1,300 tonnes of steam per hour. Air
Liquide is also investing in AirSeparation Unit upgrading, capacity expansion
and additional infrastructure at the facility.
The overall investment for this facility will be approximately €180 million
($230million), and was accounted for as a Q1 2013 investment decision.
Additional capacity from these investments will also provide for the needs of
other customers throughout this Texas regional basin. The Bayport basin is a
key industrial hub for major petrochemical and refining activities in the
area. This expands upon AirLiquide’s strong footprint in this region serving
large industrial and manufacturing customers.
Michael Graff, Air Liquide Senior Vice-President and a member of the Executive
Committee, commented: “We want to thank the LyondellBasell Group for its
continued trust in Air Liquide as its supplier of choice. With this
investment, AirLiquide further demonstrates its capacity to meet the growing
needs of long-term customers and the rising demands of major industrial hubs
around the world with highly reliable products and services delivered with
world class safety and efficiency.”
Air Liquide in the U.S
Air Liquide companies in the U.S. employ more than 5,000 employees in over 200
locations, and offer industrial gases, equipment and related services to
customers in the large industries, industrial merchant, electronics and
The Large Industries business line of AirLiquide
provides gas and energy solutions that improve process efficiency and help
achieve greater respect for the environment, mainly to the refining and
natural gas, chemicals, metals and energy markets. 2012 revenues were € 5 015
Cogeneration consists of simultaneously and efficiently producing electricity
and steam generally by consuming natural gas and water. The electricity is
supplied to the local network while the steam is required for certain
The cogeneration units are more energy efficient concerning CO emissions
than separate production units for electricity and
steam. They therefore help reduce CO[2 ]emissions in the industrial basins
they supply. In 2012, the Group’s cogeneration units avoided 919,000 tons of
CO[2 ]emissions being discharged into the atmosphere, so they were about 16%
more efficient than the separate production of electricity and steam. Air
Liquide operates 17 cogeneration units worldwide.
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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