Indústria Brasileira de Gases Ltda (IBG) has commissioned a new air separation (ASU) in Brazil.

The new plant is situated in Forquilhinha city in the Brazilian state of Santa Catarina. This is the third strategic location in which the company has commissioned domestic sites.

IBG said it has continued to invest in its business expansion “in spite of the severe political and economic problems” in the South American country after recession hit the local economy in 2015.

A statement from the company said it is “proud to contribute to the stability and growth of the local economy” via added gas resources and state-of-the-art equipment and technology.

igb timeline edited

IBG is the only fully independent industrial and medical gases company throughout Brazil. Headquartered in São Paolo, it has successfully developed a strong client base and a number of production units since its inception in 1992.

In 1994, the company started up its first ASU in Jundiaí, producing both oxygen and nitrogen for the local market. Its second ASU came onstream in 1999 before its first carbon dioxide production plant was realised in Descalvado 10 years later in 2009. IBG doubled the capacity at this site in 2011 under a R$18m ($6m) investment.

Today, it operates a combination of onsite, bulk and cylinder activities in the country and wholesales gas to other distributors.

gasworld Business Intelligence estimates that IBG held a market share of around 2% in 2015. In total, the country’s industrial gases market was worth approximately $1.6bn (2015), with Praxair’s subsidiary White Martins commanding a share of over 60% as the largest player.