Air Products to build large air separation unit in South Korea
Air Products is planning to build a new large air separation unit (LASU) in Ulsan, South Korea.
The company said that investment in the new LASU is part of its commitment to the southern region and across South Korea.
The new LASU will also help the company meet the growing demand from the refining, petrochemical, and merchant gas market.
Air Products Korea president Kyo-Yung Kim said: "We are pleased to invest in this strategic location to support the growth plans of the refining, petrochemical, non-ferrous metals, and many other industries.
"The new plant, built with our leading-edge technology, will enable us to better serve customers who depend on our safe, reliable and high-quality gases supply for their production."
The new separation unit is due to start operations by 2018 and is expected to produce approximately 1,750t of gaseous and liquefied oxygen, nitrogen and argon a day.
The company added that the new plant will meet existing and future pipeline customers in Ulsan, as well as the liquid gas market.
Ulsan is the industrial powerhouse for the country and home to many sectors including oil refining, automobile production, and shipbuilding.
Air Products has been supplying to the region for nearly three decades and has built a pipeline system and gas facilities in Onsan's large non-ferrous metals complex and Yongyeon's petrochemical complex.
The new investment will enable the company to produce extra oxygen and nitrogen to meet increasing needs.
Air Products' industrial gases business offers atmospheric and process gases and related equipment to manufacturing markets that includes refining and petrochemical industries.
It is also one of the major suppliers of liquefied natural gas process technology and equipment.
Image: Air Products provides atmospheric and process gases and related equipment to manufacturing markets. Photo: courtesy of Air Products and Chemicals.