Egypt: $ 80 Million-Investment Air Liquide to Build Air Separation Unit for EZZ Steel
French gases company Air Liquide and EZZ Steel, one of the leading steel producers in the Middle East and Africa, have signed a new long term agreement for the supply of industrial gases to EZZ’s new plant in Ain Sokhna, East of Cairo, Egypt.
Paris/France — Air Liquide Egypt will invest around $ 80 million in the construction of an Air Separation Unit (ASU) to supply EZZ Steel’s needs for industrial gases as well as other customer needs in the basin of Ain Sokhna, Egypt.
With an oxygen production capacity of 770 tons per day, this ASU will notably allow the supplier to support the development of the Ain Sokhna area as one of the country’s major basins for heavy industries within the Suez Canal Economic Zone. Air Liquide will also expand its existing pipeline network in Ain Sokhna to connect the new plant with their four other Air Separation Units already in operation, increasing the reliability of supply.
The project includes a CO2 emissions reduction roadmap based on renewable power sourcing.