Italian industrial gas companies SIAD and SOL have joined forces to build a modern air separation unit (ASU) in Zagreb, Croatia, to increase the availability of nitrogen, oxygen and argon in Eastern European markets.
The companies have joined the initiative through the newly established Croatian company Oxy Technical Gases (OXY), which will fund the project using a €31.5m long-term loan from the European Bank for Reconstruction and Development (EBRD).
The gases will be supplied at cryogenic temperatures to hospitals, industries, local authorities, universities, laboratories and research centre in South-Eastern Europe.
Construction of the ASU is led by SIAD Macchine Impianti, the Group’s engineering arm which specialises in the engineering and construction of technical gas production plants, industrial compressors and liquefied natural gas (LNG) plants.
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