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air-products-in-2-1bn-saudi-arabia-jv
air-products-in-2-1bn-saudi-arabia-jv

Air Products in $2.1bn Saudi Arabia JV

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The world’s largest industrial gas complex will be built, owned and operated by Air Products and ACWA Holding, as a joint venture (JV), in Saudi Arabia.

The complex will supply a total of 75,000 metric tons per day of industrial gas, 20,000 oxygen and 55,000 nitrogen, for 20 years to Saudi Aramco’s refinery being built in Jazan, Saudi Arabia.

The industrial gas complex will be designed and built by Air Products using its proprietary technology. Once built, this facility will be owned by a JV of Air Products (25%) and ACWA Holding (75%).

“We at Air Products are very excited about being awarded this very significant project. We consider it an honor and a privilege to use our proprietary technology to design and build the world’s largest industrial gas complex for an outstanding client and the largest company in the world, Saudi Aramco. We are very pleased that Saudi Aramco trusts Air Products and our partner ACWA Holding to economically and reliably supply the critical gases needed for its refinery in Jazan,” said Seifi Ghasemi, Chairman, President and Chief Executive Officer at Air Products.

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