Air Liquide will invest approximately $80m in a new air separation unit (ASU) in Ain Sokhna, Egypt, to supply industrial gases to EZZ Steel.
The industrial gas giant today (28th April) confirmed the signing of a new long-term agreement with the steel manufacturer to supply its new plant located in the East of Cairo.
With the construction of the new ASU as part of the deal, it is expected Air Liquide will have an oxygen production capacity of 770 tonnes per day.
As well as supporting EZZ Steel, the new site will also support the development of the Ain Sokhna area, one of the country’s major basins for heavy industries within the Suez Canal Economic Zone.
Pascal Vinet, Senior Vice-President and a member of the Air Liquide Group Executive Committee supervising Europe Industries activities and Africa Middle East India, said, “Air Liquide is pleased to collaborate with EZZ Steel, accompanying the growth of the Egyptian steel industry through the establishment of one of the largest industrial basins in Egypt.
“The investment in this ASU and pipeline infrastructure will further enhance Air Liquide’s network capabilities, allowing us to meet the growing industrial gas demands of our customers.”
Air Liquide will connect the new plant to its four other existing ASUs in the country to expand its existing pipeline network in Ain Sokhna.