The Linde Group has entered into a joint venture with SINOPEC Fujian Petrochemical Company Limited (FPCL) for the long-term supply of industrial gases to customers in the province of Fujian in south-eastern China.
FPCL is a subsidiary of China Petroleum & Chemical Corporation (SINOPEC) and the new collaboration will result in a capital outlay of around €100m.
The joint venture (JV) company, Fujian Linde-FPCL Gases Company Limited, will be located in Quangang Petrochemical Industrial Park in Quanzhou, Fujian, and will produce and distribute nitrogen, oxygen and argon from the site.
Each of the partners, FPCL and Linde Gas (Hong Kong) Limited, a fully-owned Linde subsidiary, has a 50% share in the new joint venture.
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