Home » Business » Praxair Joins Russia’s Samaran Gas Production Joint Venture

Praxair Joins Russia’s Samaran Gas Production Joint Venture

Praxair and OJSC KuibyshevAzot have formed a joint venture to exploit the industrial gasses in central Russia’s Samara region.

Starting production in mid-2016, a newly constructed Air Separation Unit will generate 1,400 tons per day of oxygen, nitrogen and argon in addition to the 2,000 tons per day capacity of KuibyshevAzot’s existing unit. The companies will deliver oxygen, nitrogen and compressed dry air for KuibyshevAzot’s expanding caprolactam, fertilizer and ammonia production, and sell liquid oxygen, nitrogen and argon to customers in the Volga region.

The deal represents Praxair’s fifth project in Russia and third project in the Volga region. Praxair, Inc. is an industrial gases company with 2012 sales of $11 billion. OJSC KuibyshevAzot is a Russian chemicals company with 2012 sales of RUB 28.4 billion ($912.3 million USD) and nearly 5,000 employees. The company produces caprolactam and derivative products (PA-6, high tenacity yarns, cord fabric and engineering plastics), ammonia and nitrogen fertilizers.

About Business Desk

Business Desk
Editors and staff from the Business Desk at The Global Herald.

Check Also

Chinese telecoms firm ZTE fined $1.2bn for breaching US sanctions

The Chinese telecoms company ZTE has been fined $1.2 billion by US authorities for bringing …

Leave a Reply

Your email address will not be published. Required fields are marked *