Cryolor SA, part of the Air Liquide group, is to set up a cryogenic gas storage equipment plant, near Chennai.
It has been reported that Cryolor Asia Pacific, the Indian division of Cryolor SA, will manage the setting up of a gas storage plant at Melmaruvattur in Chennai, covering a built up area of 15,000 sq. m.
The plant is expected to manufacture storage equipment for liquefied gases, including oxygen, nitrogen, and liquefied natural gas (LNG).
It is claimed the first phase will be completed by 2010, with an initial investment of Rs.45 crore.
It has also been reported that under this first phase, the company will manufacture storage equipment with a capacity of 10,000-60,000 litres for liquefied cryogenic gases.
In the second phase, it is scheduled to construct an additional plant in the same location to manufacture larger storage tanks.