Air Liquid: A €65 million additional investment in the Port of Rotterdam

Thu Feb 7, 2013 11:35am EST

* Reuters is not responsible for the content in this press release.

ROTTERDAM, Netherlands & PARIS--(Business Wire)--
Regulatory News: 

Air Liquide (Paris:AI): 

Rotterdam is the second largest chemical and petrochemical basin in Europe. This
industry has maintained its momentum, despite the crisis, across Western Europe,
with dynamic players demonstrating sustained demand for industrial gases. In
this context, Air Liquide will invest an additional €65 million in the Rotterdam

Air Liquide has recently signed a long-term contract with Huntsman, a global
manufacturer and marketer of differentiated chemicals. Under the terms of this
agreement, Air Liquide will supply carbon monoxide to both of the MDI plants
that Huntsman Polyurethanes operates in the Botlek area of the Port of

Air Liquide will invest in a new carbon monoxide production unit in the Port of
Rotterdam, to be located next to the company`s existing facilities. The plant,
which will be commissioned in the first half of2015, will double Air Liquide`s
carbon monoxide production capacity in the basin. This additional carbon
monoxide will also help meet new needs of Air Liquide`s customers in the Port. 

The plant will be designed and built by Air Liquide`s Engineering and
Construction teams, and will incorporate the Group`s latest technologies to
ensure the highest levels of energy efficiency, reliability and safety. 

Guy Salzgeber,Vice-President, North and Central Europe and a member of the Air
Liquide Executive Committee, commented: "We thank Huntsman for its renewed trust
in Air Liquide and for the long-term partnership we have been building together.
Through this new investment, Air Liquide reinforces its position in the Port of
Rotterdam through cutting edge technology and industrial integration. Air
Liquide has already invested€400 million in new industrial production units over
the last five years in this key industrial area, helping European industrial
companies increase their competitiveness."

Nick Webster, Vice President Huntsman Polyurethanes EAIME said: "Building on our
long-term partnership with Air Liquide, we are delighted to host the new carbon
monoxide plant at our Rotterdam facility. Investments like these are critical to
maintaining competitiveness both now and in the future."

MDI (Methylene Diphenyl Diisocyanate) is one of the initial components of
polyurethane, which is used to manufacture high resilience foam seating, durable
elastomeric wheels, high performance adhesives, etc.

Air Liquide in Benelux

Founded in Belgium in 1906 and in the Netherlands in 1913, Air Liquide currently
operates 27 industrial sites all over Benelux. Its 1,100 employees serve more
than 25,000 customers. 

The Large Industries Business Line

offers gas and energy solutions that improve process efficiency and help achieve
greater respect for the environment, mainly in the refining and natural gas,
chemicals, metals and energy markets. 2011 revenues were €4,585 million.

Air Liquide is the world leader in gases for industry, health and the
environment, and is present in 80 countries with 46,200 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
continuously reinvents its business, anticipating the needs of current and
future markets. The Group innovates to enable progress, to achieve dynamic
growth and a consistent performance.

Innovative technologies that curb polluting emissions, lower industry`s energy
use, recover and reuse natural resources or develop the energies of tomorrow,
such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, home
healthcare, fighting nosocomial infections… Air Liquide combines many products
and technologies to develop valuable applications and services not only for its
customers but also for society.

A partner for the long term, Air Liquide relies on employee commitment, customer
trust and shareholder support to pursue its vision of sustainable, competitive
growth. The diversity of Air Liquide`s teams, businesses, markets and geographic
presence provides a solid and sustainable base for its development and
strengthens its ability to push back its own limits, conquer new territories and
build its future.

Air Liquide explores the best that air can offer to preserve life, staying true
to its Corporate Social Responsibility and sustainable development approach. In
2011, the Group`s revenues amounted to €14.5 billion, of which more than 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.

Corporate Communications
Corinne Estrade-Bordry, + 33 (0)1 40 62 51 31
Garance Bertrand, + 33 (0)1 40 62 59 62
Investor Relations
Virginia Jeanson, +33 (0)1 40 62 57 37
Annie Fournier, +33 (0)1 40 62 57 18
Communications Air Liquide
Jaap Hoogcarspel, +31 (0)102 62 20 77 

Copyright Business Wire 2013

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