Industrial Gas News

Recent industry report about Industrial Gas company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Industrial Gas Market industry experts.

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Industrial Gas News

  • February 2022: Linde announced that it had signed a long-term agreement with BASF to supply hydrogen and steam. Linde will build and operate a new hydrogen production facility at Chalampé, France, effectively doubling Linde's current capacity in the Chalampé chemical park. This plant will supply BASF's new hexamethylenediamine (HMD) manufacturing facility. The plant is expected onstream in the first half of 2024.
  • January 2022: Air Liquide will invest in a new Air Separation Unit (ASU) dedicated to Industrial Merchant activities in Kosi, Uttar Pradesh, India. This unit will include a production capacity of 350 tons per day, with a maximum of 300 tons of oxygen. Air Liquide India will build, own, and operate this ASU, which is planned to start operating by the end of 2023.
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  • July 2022: Air Products and VPI (a power generator company) signed a joint development agreement for driving the 'Humber Hydrogen Hub' or 'H3', which seeks to develop an 800 MW low-carbon hydrogen production facility in Immingham, United Kingdom.
  • June 2022: BASF and Shell evaluated and de-risked BASF's Puristar R0-20 and Sorbead Adsorption Technology for green hydrogen production. The two technologies will purify and dehydrate the product hydrogen stream from the water electrolysis process that can be used for liquefaction and transportation.
  • June 2022: Equinor and SSE Thermal jointly acquired Triton Power by purchasing the company from Energy Capital Partners (ECP) to contribute to decarbonization in the United Kingdom. The purchase includes the Saltend Power Station, a conventional combined cycle gas turbine (CCGT) plant that uses natural gas as feedstock with an installed capacity of 1.2 GW. Equinor and SSE Thermal are preparing the plant to use up to 30% hydrogen from 2027, with an ambition of 100% hydrogen operation.
  • In April 2022: Linde signed a long-term agreement to supply helium to the United States from Freeport LNG's production site in Texas. For this, Linde will construct a new helium processing plant to purify and liquefy recovered helium.
  • In January 2022: Air Liquide announced a long-term agreement to supply ultra-high purity hydrogen, helium, and carbon dioxide to one of the world's largest semiconductor manufacturers. Air Liquide plans to invest nearly 60 million U.S. dollars to build, own and operate onsite plants and systems at a new manufacturing site in Phoenix, Arizona, in support of this new agreement.
  • In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
  • In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.
  • March 2022: Cabot Corporation sold off its activated carbon unit, Norit Activated Carbon, to One Equity Partners. Following the divestiture, Norit Activated Carbon became an independent company serving its customers with a broad portfolio of activated carbon solutions through its ten production facilities in seven countries.

In June 2023, Saint-Gobain signed an agreement to acquire cement board producer Hume Cemboard Industries. Through this acquisition, the company strengthened its lightweight product offering in Malaysia.

In February 2023, Everest Industries Limited intended to establish a manufacturing unit on a 20-acre site in Chamarajanagar's Badanaguppe Kellambali KIADB layout with an investment of USD 22.5 million. Their new facility is expected to produce 72,000 metric tons (MT) of fiber cement board and 19000 MT of Rapicon wall panels.

  • In March 2023, Universal Matter UK Limited, a wholly-owned subsidiary of Universal Matter Inc., announced the acquisition of Applied Graphene Materials UK Limited and Applied Graphene Materials LLC, the principal operating subsidiaries of Applied Graphene Materials PLC. Through the acquisition, the company has strengthened its market presence.
  • In February 2023, Global Graphene Group announced that Honeycomb Battery Company, an advanced battery technology subsidiary of Global Graphene Group, Inc., signed a business combination agreement with Nubia Brand International Corp. to develop battery materials. Honeycomb Battery Company is expected to use graphene produced by the Global Graphene Group.
  • June 2023: PCBL Limited initiated two growth projects which incorporate the new plant expansion in Chennai, Tamil Nadu, and an existing plant project at Mundra, Gujarat. This expansion is divided into two stages, and the first stage of the specialty chemical line is expected to be put into operation by the first quarter of the fiscal year 2023-24. As a result, the overall manufacturing capacity of the company is estimated to reach 790,000 MTPA and 122 MW of renewable energy.
  • February 2023: Balkrishna Industries Ltd (BKT) intensified its carbon black production activities and plans to increase capacity by almost 20% this year. The company will expand its Bhuj plant in the eastern Indian state of Gujarat to produce 198 kilotons per year. The Bhuj plant started operations in 2017 and has the capacity to produce 65 ktpa of carbon black grades for tire tread applications.
  • In June 2022, ADNOC Distribution entered a new carbon black supply agreement with ADNOC, which will enable ADNOC Distribution to test the market for carbon black.
  • July 2022: Sibelco acquired EchasaSA, a mining company that mines silica sand from the Laminoriaquarry near Vitoria in the Basque Country in northern Spain, 160 kilometers from Sibelco's nearest silica sand quarry in Ariya.
  • April 2022: Source Energy Services has an agreement with Canadian Silica Industries Inc. and Contractor's Leasing Corp. Through this agreement, the company concluded the operation of its Peace River frac sand facility and increased its frac sand production with additional 400,000 metric tons, which will boost the company's business.
  • In January 2023, Technip Energies was awarded a contract for the modernization of sulfur recovery equipment at Aramco's Riyadh Refinery as part of its long-term agreement with Aramco. In order to comply with stricter emission regulations for sulfur dioxide and to improve the performance of the existing three sulfur recovery units SRU, this contract covers the installation of three new tail gas treatment units TGT, with a recovery efficiency of more than 99.9%.
  • In April 2023. Valero Energy Corp (VLO.N) initiated the manufacturing on a new coker at its 335,000-barrel-per-day (bpd) Port Arthur, Texas, refinery. The restart of production of the new 55,000bpd coker follows the completion of the overhaul of the 115,000-bpd AVU-147 crude distillation unit. The unit uses hydrogen to remove sulfur from gas oil, gasoline and diesel feedstocks.
  • Jun 2023: BASF SE and Yara Clean Ammonia announced their collaboration for a joint study in order to develop and construct a world-scale low-carbon blue ammonia production facility with a total capacity of 1.2 to 1.4 million tons per annum with carbon capture in the US Gulf Coast region. Through this collaboration, the companies will serve the growing global demand for low-carbon ammonia.
  • May 2023: SABIC Agri-Nutrients Company and IFFCO announced their collaboration to bring 5,000 metric tons of certified low-carbon ammonia from Saudi Arabia to IFFCO for fertilizer production. This collaboration will enhance the company's business in the studied market.
  • Mar 2023: CF Industries Holdings Inc. signed a definitive purchase agreement for the purchase of the Waggaman ammonia production facility from Incitec Pivot Limited, which has an annual capacity of 880,000 tons annually. Under this agreement, CF Industries will be able to provide 200,000 tons of ammonia annually for up to 25 years to its Dyno Nobel subsidiary.
  • Oct 2022: Nutrien Ltd planned a new 'Clean Ammonia' plant and selected thyssenkrupp Uhde as its technology provider and partner. The new plant will have a capacity of 3,500 metric tons/day and be built at Nutrien's Geismar, Louisiana, US facility. The construction of the plant is anticipated to start by the end of 2023.

Industrial Gases Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)