Air Liquide Industrial US L.P. has announced that it will build a new Air Separation Unit (ASU) to supply nitrogen to industrial customers, particularly those involved in the oil and gas sector in northwest North Dakota.
Air Liquide currently supplies nitrogen and carbon dioxide to North American oil and gas producers. The gases support drilling operations and increase oil and natural gas recovery.
“We are positioning ourselves to better serve existing customers and to capture new business opportunities in North Dakota, especially in the Bakken oil reserves,” said Mark Lostak, President, Air Liquide Industrial U.S. LP. “The potential throughout this region is significant, and we are prepared to meet the growing demand for nitrogen to develop these important domestic energy resources.”
The ASU is pitted to be operational by the end of 2012 and will be strategically located in the Bakken reserves.
Air Liquide is a leader in gases for industry, health and the environment and is present in 80 countries with 43,600 employees. Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air Liquide’s activities since its creation in 1902. Using these molecules, Air Liquide promises to reinvent its business, anticipating the needs of current and future markets.
In 2010, the Group’s revenues amounted to €13.5 billion, of which almost 80% were generated outside France. Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes.