Air Liquide Signs Three Contract With BASF in Belgium

Date : 02/10/2020 @ 8:40AM
Source : Dow Jones News
Stock : BASF AG (BAS)
Quote : 40.755  -0.825 (-1.98%) @ 4:35PM
BASF share price Chart

Air Liquide Signs Three Contract With BASF in Belgium

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By Olivia Bugault

 

Air Liquide SA (AI.FR) said Monday that it has signed three new contracts with BASF SE (BAS.XE)in Belgium.

The French industrial company said it has signed a 15-year agreement with the German firm to renew its airgas supply to existing installations in the Antwerp basin, Belgium.

Under the other contracts, Air Liquide will build and operate a nitrogen removal unit that should be operational by mid-2021 and, "it will purchase part of the methane fraction generated during the BASF production process and valorize it as a feedstock in its hydrogen production plants," it said.

The company didn't disclose the financial details of the deal.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

February 10, 2020 03:25 ET (08:25 GMT)

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