The move will be equally financed by both companies and will see facilities at the plant for valorisation of carbon dioxide updated and improved.
Commenting on this decision, managing director Alaric de Murga stated explained, $quot;With this extension of its production plant and its logistic means on the carbon dioxide market, ACP Europe SA will offer a much smoother supply of the industrial clients in the Benelux, Germany and the North of France under competitive economical conditions.$quot;
The existing facilities, built in 1985, already consists of two units, each producing 120,000 tpy of carbon dioxide. This expansion, which will start production in the summer of 2008, will meet the increasing demands of today's market by doubling capacity.
The factory in Geleen will treat the CO2 coming from the adjoining site of Dutch company DSM Agro BV that produces nitrate fertilizers in particular. The carbon dioxide is delivered by pipeline, purified, liquefied and then dispatched in liquid form. A new railway connection allowing transportation of the carbon dioxide across Europe is part of the new investment.