Benefiting from strong demand growth in emerging markets, healthcare and electronics, the global industrial gas market has grown rapidly. The Friedonia Group pointed out that the fastest growing demand for the global industrial gas market in the next five years will be emerging industrial economies in the Asia Pacific region, especially China and India. Global industrial gas giants have accelerated their deployment in these areas.
On June 16, Air Liquide announced that it had signed a long-term agreement with Rainbow Electronics, a subsidiary of China Rainbow Group, to supply oxygen to its new photovoltaic glass plant. The plant is located in the Hefei New Station Comprehensive Development Experimental Area in Anhui, China. Rainbow Electronics will manufacture glass products for the photovoltaic market. According to the agreement, Air Liquide will invest in the construction of an air separation plant with a daily production capacity of 770 tons in the same park, and plans to start production by the end of 2012. The air separation plant will also produce nitrogen while providing liquid oxygen, liquid nitrogen, and liquid argon to the local, vibrant industrial market.
Air Liquide expects that the company’s investment in emerging economies in the next five years will account for 80% of the company’s total investment. In 2010, Air Liquide announced that it will build four new air separation units in China, with Air Liquide (Hangzhou) Co., Ltd. responsible for the design and construction. At the end of 2010, Air Liquide stated that it will invest approximately 70 million euros in the construction and operation of two air separation units in Visakhapatnam, South India. The total oxygen production capacity of these two units will exceed 1,800 tons/day. It is expected that At the end of the year, the production of liquid oxygen, liquid nitrogen and liquid argon products will be put into the southern Indian market to meet the needs of local industrial and pharmaceutical users.
U.S. industrial gas giant Praxair said that about 65% of the company's total investment in new projects in 2011 will occur in China, India, Mexico, and South America. In the next few years, operating income from these regions will be 14% compound annual average The rapid growth rate. Praxair China and Chongqing Chemical Medical Group signed a joint venture contract and pipeline gas supply contract on April 11. The two parties will set up joint ventures to supply oxygen, nitrogen and dry compression/instrument air for the integration of diphenylmethane diisocyanate (MDI) projects in Chongqing Changshou Economic and Technological Development Zone. Praxair will own 60% of the joint venture, build and operate two air separation plants with a total capacity of 5,000 tons of oxygen per day. Praxair India announced on May 24 that it will build two new air separation plants with a capacity of 700 tons per day in Jamshedpur. In addition to satisfying Tata Steel's demand for oxygen, nitrogen and argon, it also meets the growing demand for liquid gas in eastern and northern India.
On March 31st, MOX-Linde Industrial Gas, a subsidiary of Linde Germany, opened an air separation plant with an investment of US$67 million in Gudane, Malaysia, producing more than 500 tons of gas and liquid per day. Last November, the company signed a new agreement with high-purity polysilicon producer Hong Kong-based GCL-Poly Energy Co., Ltd. to increase gas supply. According to the agreement, Linde will invest 15 million euros in the construction of high-purity hydrogen production and supply facilities in the Xuzhou Industrial Park in China.
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