The Linde Group, together with Sinochem Group Co. LTD, one of the four national oil companies in China, held a piling ceremony for its strategic joint-venture project to construct and operate a new air separation unit (ASU) and provide long-term gas products and services to Sinochem Quanzhou Petrochemical Co., Ltd. for its oil refining and ethylene project.
Linde holds a 51% stake while Sinochem holds 49% stake in the new joint venture.
Sanjiv Lamba, Member of the Executive Board, Linde AG, and Chief Operating Officer, Asia Pacific, said, “Linde is proud to enter into this inaugural partnership with Sinochem. This partnership with Sinochem solidifies Linde’s leading position in the market and builds upon the strong foundation which we have established in China. We look forward to a successful and long-term cooperation with Sinochem in continuing to grow and develop the industry. China will continue to be a strategic growth driver and an important part of Linde’s growth aspirations in Asia.”
... to continue reading you must be subscribed
