MONTREAL, March 22, 2012 /CNW Telbec/ - Air Liquide Canada today announced that it will build a new Air Separation Unit (ASU) to supply nitrogen to industrial customers, particularly those in the oil and gas sector, in both northern British Columbia and Alberta. The new facility represents a significant investment in British Columbia of approximately $60 million.
The new facility, which is anticipated to create some 10 permanent jobs, will be built in two phases. Phase one is slated to be operational during the summer of 2012 and the second phase will be operational in the first half of 2013.
"We are positioning ourselves to better serve existing customers and to capture new business opportunities in both British Columbia and Alberta, especially with regards to extraction of natural gas," said Luc Doyon, President and CEO, Air Liquide Canada. "The economic potential throughout this region is significant, and we are prepared to meet the growing demand for nitrogen to develop these important domestic energy resources."
In Canada, Air Liquide supplies nitrogen and carbon dioxide to oil and gas producers to support drilling operations and increase oil and/or natural gas recovery. Using nitrogen, a naturally-occurring element, in drilling operations can help notably decrease water consumption.
| Air Liquide is the world leader in gases for industry, health and the environment, and is present in 80 countries with 46,200 employees. Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air Liquide's activities since its creation in 1902. Using these molecules, Air Liquide continuously reinvents its business, anticipating the needs of current and future markets. The Group innovates to enable progress, to achieve dynamic growth and a consistent performance.
Innovative technologies that curb polluting emissions, lower industry's energy use, recover and reuse natural resources or develop the energies of tomorrow, such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, homecare, fighting nosocomial infections… Air Liquide combines many products and technologies to develop valuable applications and services not only for its customers but also for society.
A partner for the long term, Air Liquide relies on employee commitment, customer trust and shareholder support to pursue its vision of sustainable, competitive growth. The diversity of Air Liquide's teams, businesses, markets and geographic presence provides a solid and sustainable base for its development and strengthens its ability to push back its own limits, conquer new territories and build its future.
Air Liquide explores the best that air can offer to preserve life, staying true to its Corporate Social Responsibility and sustainable development approach. In 2011, the Group's revenues amounted to €14.5 billion, of which more than 80% were generated outside France. Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes.
Air Liquide in Canada
Founded in 1911, Air Liquide Canada has over 2,200 employees and serves over 80,000 customers in Canada's aeronautics, automobile, agri-food, chemical, defence, electronics, energy, metallurgy, metal fabrication, mining and healthcare industries from sites located in key industrial regions from coast to coast. .
Nitrogen is mainly found in the atmosphere, where it accounts for 78%, by volume, of the air we breathe. Nitrogen is used to optimize our customers' production processes, enhance safety' and improve product quality.
For further information:
Air Liquide Canada