September 07, 2008

Adnoc and Linde form a gas JV in Abu Dhabi

It is reported that Germany's Linde has set up a 49:51 JV named Elixier with the United Arab Emirates' Abu Dhabi National Oil Co for the production and long term supply of industrial gases to customers in Abu Dhabi.

In the first phase of the joint venture, the companies will build a USD 65 million air separation plant in the industrial zone of Ruwais in Abu Dhabi. The new plant will supply nitrogen from the end of 2009 to industrial customers in Ruwais and will also produce liquefied nitrogen and oxygen.

Mr Aldo Belloni executive board member of Linde said that "This joint venture is of major strategic importance to us and is the logical expansion of the previous collaboration of our engineering division with Adnoc in the petrochemical industry.”