Air Liquide will invest 65 million in a new carbon monoxide production unit in the Port of Rotterdam, to be located next to the companys existing facilities, top officials confirmed on Friday.
The plant, which will be commissioned in the first half of 2015, will double Air Liquides carbon monoxide production capacity in the basin.
Under the terms of a recent agreement, Air Liquide will supply the carbon monoxide to both of the methyl di-p-phenylene isocyanate (MDI) plants that Huntsman Polyurethanes operates in the Botlek area of the Port of Rotterdam.
Building on our long-term partnership with Air Liquide, we are delighted to host the new carbon monoxide plant at our Rotterdam facility," said Nick Webster, vice president for Huntsman Polyurethanes. "Investments like these are critical to maintaining competitiveness both now and in the future.
The plant will be designed and built by Air Liquides engineering and construction teams, and will incorporate the latest technologies to ensure high levels of energy efficiency, reliability and safety, according to the firm.
We thank Huntsman for its renewed trust in Air Liquide and for the long-term partnership we have been building together," said Guy Salzgeber, vice president of North and Central Europe for Air Liquide and a member of the company's executive committee.
"Through this new investment, Air Liquide reinforces its position in the Port of Rotterdam through cutting-edge technology and industrial integration," he added.
"Air Liquide has already invested 400 million in new industrial production units over the last five years in this key industrial area, helping European industrial companies increase their competitiveness.
Huntsman describes itself as a global manufacturer and marketer of differentiated chemicals.