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buy leading south korean industrial gas company dig airgas

Air Liquide invests in China ASU electric revamp in Yulin | Air Liquide News

Industrial gases major Air Liquide is to invest €25m in revamping its air separation unit (ASU) in Yulin, China. The upgrade will see the existing steam-driven ASU converted to a more efficient electricity-driven system by the end of 2027, reducing the unit’s CO2 emissions by 224,000 tonnes annually and offering a 10% increase in oxygen production capacity. The contract extension with a subsidiary of the Yanchang Group illustrates Air Liquide’s decarbonisation approach, which has already electrified two facilities in Tianjin, in line with the Chinese 2030/2060 carbon peaking and carbon neutrality goals. Total annual CO2 emissions reduction will ultimately reach 550,000 tonnes. In the meantime, the group said it will ensure the continuity of services and supply to the customer. The contract was signed in Beijing, during the visit of Emmanuel Macron, President of the French Republic.… Read More »Air Liquide invests in China ASU electric revamp in Yulin | Air Liquide News

Air Liquide buys DIG Airgas for $3.3bn to boost Asian profile | Air Liquide News

Air Liquide has signed a binding agreement with Macquarie Asia-Pacific Infrastructure Fund 2 to buy leading South Korean industrial gas company DIG Airgas for KW4.6trn ($3.3bn). Confirmation of the deal, which is expected to close in the first semester of 2026, comes after the French industrial gases major was shortlisted for the final bidding round last month. Air Liquide said the acquisition “substantially strengthens” its market position in South Korea, which is the sixth largest manufacturing country by GDP and fourth largest industrial gas market. François Jackow, CEO of Air Liquide, said the deal demonstrates its ability to invest strategically for profitable growth in Asia – particularly in the fast-growing electronics sector – and cited three key reasons for the purchase. “Driven by its outstanding innovation and manufacturing capabilities, Korea is leading the next waves of… Read More »Air Liquide buys DIG Airgas for $3.3bn to boost Asian profile | Air Liquide News