Over the coming days, we’re going to be looking at my top 10 stories across the industrial gas year – and what a year it has been.
We’re going to see hydrogen, synthetic fuels, ASU growth, medical oxygen milestones, and so much more besides.
Here at number nine, I’ve chosen a story that sums up the huge latent potential in the Asia-Pacific gases business and the Indian market in particular.
We saw so many ASU’s start-up or announced in the Asia-Pacific region in 2021, from Air Products’ plant in Malaysia to Linde’s facilities in China and Air Liquide’s sites in China.
But one story in late February saw INOX Air Products (INOX AP) announce plans to construct no less than eight – yes, eight – new air separation units (ASUs) across India as part of a ₹2,000 crore ($276m) development that will double its liquid medical oxygen production.
It was arguably a story for all the right reasons and of great positivity for the Indian gases industry, in a year which would go onto be dominated in India by a lethal second wave of Covid-19 that led to scenes so unheard of before.
The story was good enough to make my Q1 Editor’s Picks and simply has to be here in my top 10 for the year.
Marking India’s largest greenfield investment plan for the industrial gases sector, the ASUs will produce liquid oxygen, liquid nitrogen and liquid argon, boasting a combined capacity of 1,500 tonnes per day (tpd). Supplying both industrial and medical gases, the ASUs will ensure constant supplies for the electronic manufacturing sector, pharmaceutical sector, as well as iron, steel and automobile industries.
INOX AP said the facilities will take its total liquid gases production to 4,8000 tpd by 2024.
Commenting on the development, Siddharth Jain, Director of INOX Air Products, said, “With an objective of rejuvenating the country’s economic landscape, budget 2021 pronounced major investments and initiatives around manufacturing, infrastructure and healthcare.”
“As we welcome the enhanced capex in these critical areas, we want to be prepared to service the country’s future-oriented and accelerated growth drive by ensuring capacity creation of industrial and medical gases across the growth corridors of the country.”
What incredible potential exists in the Indian gases market, and what a story. You can read it in full, here: https://www.gasworld.com/inox-air-products-to-construct-eight-asus-across-india/2020551.article