French industrial gas giant Air Liquide has strengthened its long-term relationship with German chemicals company BASF in South Korea.
The two companies today (21st Jan) announced the signing of a deal in Yeosu National Industrial Complex which will see Air Liquide increase its contractual volumes dedicated to BASF by 20%, from its fourth hydrogen and carbon monoxide unit at the major industrial site.
The state-of-the-art, highly efficient hydrogen and carbon monoxide plant, designed and built by Air Liquide’s Engineering and Construction, was started up in 2020.
This latest unit is fully integrated with Air Liquide’s three other plants through its 40km pipeline supply network in Yeosu to ensure the highest level of safety, reliability, efficiency, and flexibility to its customers, Air Liquide said.
Recognising this strong industrial set up and customer focus of Air Liquide, BASF has extended existing contracts over the long term, and increased its reserved capacity by +20%, further reinforcing the long-standing relationship between Air Liquide and BASF.
Air Liquide’s first contract with BASF in Yeosu was signed 20 years ago.
Francois Abrial, member of the Air Liquide Group’s Executive Committee supervising Asia-Pacific, said, “We are pleased to strengthen our long-term partnership with BASF, a leading global company and long-standing strategic customer of the group, by extending and expanding further our collaboration in the Yeosu basin.”
“This major contract is a demonstration of BASF’s trust and confidence in Air Liquide to create value and deliver long-term performance to our customers.”