The Linde Group, together with Sinochem Group Co. LTD, one of the four national oil companies in China, held a piling ceremony for its strategic joint-venture project to construct and operate a new air separation unit (ASU) and provide long-term gas products and services to Sinochem Quanzhou Petrochemical Co., Ltd. for its oil refining and ethylene project.
Linde holds a 51% stake while Sinochem holds 49% stake in the new joint venture.
Sanjiv Lamba, Member of the Executive Board, Linde AG, and Chief Operating Officer, Asia Pacific, said, “Linde is proud to enter into this inaugural partnership with Sinochem. This partnership with Sinochem solidifies Linde’s leading position in the market and builds upon the strong foundation which we have established in China. We look forward to a successful and long-term cooperation with Sinochem in continuing to grow and develop the industry. China will continue to be a strategic growth driver and an important part of Linde’s growth aspirations in Asia.”
“We attach great importance to the advanced management and operation experience of The Linde Group,” said Jiang Zhenghong, Vice-President of Sinochem Group and President of Sinochem Energy Co. Ltd.
He continued, “Their high efficiency and low energy consumption capabilities are also in line with the needs for further industry upgrading, optimisation and sustainable development. The Sinochem Quanzhou project is an important facet of development for the Chinese petrochemical industry, and it is our belief that these two companies will complement one another to achieve success and to jointly provide quality services in the industry.”
The joint venture will provide long-term industrial gas products and services to Sinochem Quanzhou Petrochemical’s oil refining and ethylene project with the construction and operation a new air ASU, with an hourly oxygen (O2) production capacity to 42,000 standard cubic meters, in order to meet the Sinochem Quanzhou project’s growing demand for high quality gases.
The new facility, known as ASU 2.0, will be the first of its kind by Linde in the China market, uses the most advanced Linde-patented technology of High Air Pressure process (HAP) and allowing for improved power consumption as well as cost reduction and a smaller plant footprint. Combined with Linde’s Remote Operating Centre (ROC) for efficient and reliable plant operations and experience in on-site account management, the new ASU can be adjusted on demand, which will greatly improve reliability in gas supply and reduce production costs.