 |
SHANGHAI, Jan. 17, 2013 /PRNewswire/ -- The German specialist in industrial gases, Messer Group and the listed Chinese chemical company Sichuan Meifeng announced today that they have signed a joint venture agreement on Jan. 15, 2013 for the formation of a new company, Sichuan Meifeng Messer Gas Products Co., Ltd.
The new company will invest RMB 60 Mio. to build a liquid CO2 plant, with an annual production capacity of 100 000 tons in the Economic Development Park in Mianyang City of China’s Sichuan Province. This plant represents Messer’s first brand new CO2 plant in China.
Sichuan Meifeng will provide raw CO2 gas as the feedstock for the liquid CO2production. The CO2 exhaust gases that Meifeng produces in the manufacturing process of its chemical products such as synthetic ammonia and ammonium nitrate will be used to produce food grade CO2.
“With the target to turn the exhaust CO2 into a usable product in various industries, the new plant will be an outstanding example of how economic interests and conservation of the environment can be harmonized,” said Zhang Defu, Messer China’s business development director.
“By leveraging both parties’ strengths – Messer’s knowledge and proven track record in large CO2 recovery plants and Sichuan Meifeng’s local reputation and reliable supply of the raw material, we will be able to provide customers with a high quality product and distribution service,” said Yuan Kaifang, the vice General Manager of Sichuan Meifeng.
The plant is scheduled to be put into operation in the second quarter of 2014. By then, Sichuan Meifeng Messer will be able to supply liquid CO2 and dry ice to its customers in the food and beverage sector as well as the manufacturing and environment protection industry. Messer will also introduce the advanced CO2 application technologies to the local market.
About Messer
Messer is one of the leading industrial gas companies, and is active in over 30 countries in Europe and Asia, as well as Peru, with over 60 operating companies. Messer started investing in China in the middle of 90s and so far has 18 companies located in Shanghai, Jiangsu, Zhejiang, Hunan, Guangdong, Sichuan, Chongqing and Yunnan provinces with a total investment of $800 million. Headquartered in Shanghai, Messer China has nearly 2,000 employees. The steady and successful developments have allowed Messer to join the ranks of the major foreign industrial gas providers in China. From acetylene to xenon, the Messer Group has one of the most diverse product portfolios on the market – it produces industrial gases such as oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, shielding gases for welding, specialty gases, medical gases and many different gas mixtures.
For more details about Messer, please visit http://www.messergroup.cn or http://www.messergroup.com
About Sichuan Meifeng
Sichuan Meifeng Chemical Industry Co., Ltd. is a chemical listed company held by Sinopec Corp. In July, 2002, Chengdu Huachuan Petroleum & Natural Gas Exploration and Development Co., a wholly-owned subsidiary of Sinopec Corp., became the biggest stake holder of Sichuan Meifeng through corporate restructuring. Sichuan Meifeng has had a history with 30 years. Sichuan Meifeng has total asset about RMB 4.2 billion and net asset about RMB 2.3 billion. It contains fertilizer branch company, Mianyang branch company, Shehong branch company, TDA sales branch company, also holds shares of Sichuan Meifeng agricultural chemicals Co., Ltd., Sichuan Meifeng Chemical Fertilizer Co., Ltd., Compound Fertilizer Co., Ltd., Lanzhou Yuandong Chemical Fertilizer Co., Ltd., Sichuan Construction Website Co.,Ltd. Besides, it owns shares of Guizhou Meifeng Chemical Fertilizer Co. Ltd. and Gansu Liuhua Group Co. Ltd.
For more details about Messer, please visit http://www.scmeif.com/.
