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Metinvest and Air Liquide Signed Investment Contract For ASU

Steel News - Published on Wed, 19 Jun 2019

Image Source: Metinvest
During the visit to PJSC Illich Metallurgical Plant of Mariupol, President of Ukraine Volodymyr Zelensky took part in the ceremony of signing the investment contract between Metinvest Holding and Air Liquide on the construction of the air-distributing complex. The ceremony was attended by Ambassador Extraordinary and Plenipotentiary of France to Ukraine Isabelle Dumont. The document provides for the allocation of USD 25 million. This is the first part of a large-scale project that will significantly increase energy efficiency and reduce emissions at the enterprise. The overall price of the project is USD 78.3 million. Its implementation will create 1,000 jobs. The total investment in the construction of the complex will amount to USD 78.3 million. The project attracted funding from the French state export credit agency Bpifrance Assurance Export.

The capacity of the air separation plant will be 25 thousand cubic meters of oxygen per hour. The infrastructure of the complex includes a gasification station with a storage of liquid oxygen, an evaporator and two pumps. Automated installation will reduce energy consumption by 20%.

The equipment for the project will be supplied by Air Liquide, and it will be implemented by specialists of Metinvest Engineering and Ilyich Iron and Steel Works. Thousands of additional jobs will be created during construction. It is planned to put the complex into operation by the end of 2021.

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Posted By : Ratan Singh on Wed, 19 Jun 2019
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