Interfax Russia reported that Germany's Linde has exited a joint venture for manufacturing coil-wound heat exchangers for the gas-processing industry and LNG in Russia. The JV was established in 2017 with Power Machines initially acting as the Russian partner, later replaced by Severstal. Severstal's 50% stake transferred in April to RusChemAlliance, a JV between Gazprom and RusGazDobycha, which operates the construction of the gas processing complex as part of the ethane-containing gas-processing complex in Ust-Luga in Leningrad Region and also one of the potential consumers of the JV's products. RusChemAlliance assumed sole ownership on 17 June.The JV simultaneously changed names with the changes in ownership from Linde Power Machines to Linde Severstal to the current Northern Technologies. The company also changed general directors in June from Mr Christoph Seeholzer to Mr Pavel Krylov, former head of Gazprom's Department 335 for technological development, and current first deputy general director of RusChemAlliance.The JV's purpose is to manufacture from five to six coil-wound heat exchangers per year, and it began full output capacity in 2020.