Air Products has entered into an agreement with Sibur-Khimprom, a subsidiary of Sibur Holding, to build a new air separation unit in Perm (Russia) and to supply the facility with locally produced gases.
Under the deal, Air Products will supply industrial gases to Sibur’s Perm subsidiary and invest its own cash to build and operate the new air separation unit.
Sibur-Khimprom will build relevant facilities and utilities, lease out the site and act as the buyer under fixed price off-take contracts. This deal will help Sibur-Khimprom cut down on industrial gas pricing, improve supply and focus on developing its new and current core operations.
The unit is set to come on stream in 2016. After the commissioning Air Products will supply industrial gases for Sibur-Khimprom over the next 20 years.
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