The French Air Liquide gets the largest production site oxygen in the world - The Point

Air Liquide continues its development. The giant French gas manufacturing announced on Wednesday 29 July that it had signed an agreement to acquire a site for t

The French Air Liquide gets the largest production site oxygen in the world - The Point

Air Liquide continues its development. The giant French gas manufacturing announced on Wednesday 29 July that it had signed an agreement to acquire a site for the south african group Sasol presented as the " greatest site of oxygen production in the world ", for 440 million euros. The parties seek a final agreement "in the coming months" in view of the operation by Air Liquide of 16 units of gas separation in the air of this industrial complex, located in the north-east of South Africa at Secunda, with a production capacity of 42 000 tonnes per day, according to a press release.

The amount of the acquisition, which amounts to about 8.5 billion south african rands "(440 million euros), would be an " initial investment ". Air Liquide aims to reduce the site's CO2 emissions " by 30% to 40% by 2030, with additional investment, modernization and securing of the supply of renewable electricity. "The acquisition and operation of all units of production of oxygen at the site of Sasol is a key step in the long-term relationship that we have with Sasol for the past 40 years," noted Benoît Potier, CEO of Air Liquide, cited in the press release.

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In may, Sasol had been put on the blacklist by the sovereign wealth fund of Norway, the world's largest with more than 1,000 billion dollars of assets, because of its significant presence in the coal. The CEO of the Sasol group, Fleetwood Grobler, quoted in the news release, ensures that the group is in a "transformational approach" to " make the group more resilient and more sustainable, particularly through a programme of asset disposals ". Present in 80 countries, Air Liquide employs 67 000 employees and generated a turnover of € 22 billion in 2019.

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Updated Date: 30 July 2020, 04:33

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