Loading...
Loading...

BOC and Chinese Iron and steel company sign a joint venture deal

0

BOC and Nanjing Iron & Steel Union Co. Ltd (NISCO) have entered a memorandum of understanding to form an industrial gases joint venture.

The Joint venture is to meet the industrial gases needs of NISCO, which produced around 4 million tonnes of steel in 2004. The company is based in Nanjing City, Jiangsu Province, China.

The Joint venture will see the acquisition of NISCO’s existing ASUs and build a new ASU to meet NISCO’s development plan. The joint venture is to operate multiple ASUs with a total oxygen capacity of around 2800 tonnes per day.

The economies of scale and multiple ASU plant arrangement will result in BOC becoming a major industrial gas manufacturer to the region, as it supports NISCO’s expanding steel production.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...
-->