The Linde Group has bought Singapore Syngas Private Limited in a move that will significantly strengthen the group’s position in Southeast Asia.
Singapore Syngas Private is a subsidiary of Chevron Texaco Corporation operating one of the world's largest gasification plants for generating hydrogen and carbon monoxide as well as a high performance air separation unit.
Said Dr Wolfgang Reitzle, president and CEO of Linde AG: \\$quot;This investment is a component of our growth strategy in the Asian market and it will also strengthen our overall international gas business.
\\$quot;This plant will make us a one-stop supplier in a dynamically growing region. This way, we will be able to supply our customers in Singapore, Malaysia, Thailand, and Indonesia with a full range of industrial gases, including bulk products, hydrogen, carbon monoxide, and carbon dioxide.\\$quot;
The plant, which has several long-term delivery contracts, is based on Jurong Island, one of the largest integrated petrochemical complexes in Southeast Asia.
Contracts include obligations to supply the neighbouring plants of Celanese AG with carbon monoxide.
Linde is taking on 88 employees.