Air Separation Unit will be the third installation at the
site and will increase total production of nitrogen and oxygen for
Jindal Shadeed Iron & Steel by 50 percent
LEHIGH VALLEY, Pa. and SOHAR,
Oman, March
7, 2022 /PRNewswire/ -- Air Products (NYSE:APD) a world
leader in industrial gases, together with their regional partner
Saudi Arabian Refrigerant Gases Company of Saudi Arabia (SARGAS) – an affiliated company
of Abdullah Hashim Gases and Equipment, Air Products' long standing
industrial gas joint venture in the Kingdom of Saudi Arabia - today announced that
it has signed an agreement to build a new air separation unit (ASU)
at Jindal Shadeed Iron & Steel facility in Sohar, Oman. The new unit will produce a total of
over 400 T/D of oxygen and nitrogen to the facility.
The project, undertaken by Ajwaa Gases LLC - a joint venture
between Air Products and SARGAS – represents the third ASU
installed by Air Products at Jindal Shadeed Iron & Steel's
facility in Sohar. The addition of the new ASU will increase
capacity of gaseous oxygen (GOX) and gaseous nitrogen (GAN) by 50
percent; together with an increased production capability of liquid
oxygen (LOX) and liquid nitrogen (LIN), in Oman.
Hamid Sabzikari, vice president and general manager, Air
Products Industrial Gases Middle East, Egypt and Turkey said: "Air Products is
delighted to expand our offerings at Jindal Shadeed Iron &
Steel and strengthen our association further. The successful
signing of the third ASU demonstrates our commitment to supporting
growing customers in Oman and the
Middle East region. I am proud of
the teams who have shown exceptional resilience and dedication for
this project during the ongoing COVID-19 pandemic and exhibits our
core values of safety, speed, simplicity, and self-confidence."
Mr. Sanjay Anand, Chief Operating
Officer and Plant Head, Jindal Shadeed Iron & Steel said,
"We are happy to continue our association with Air Products and
congratulate the team for their commitment to safety, and
reliability for supply of gases. These gases will be used in our
steel melt shop and direct reduced iron (DRI) plant to improve the
efficiency and production."
Commenting on the development, Khalid
Hashim, General Manager of SARGAS, said: "We have had a
great association with Jindal Shadeed Iron & Steel over the
years and this new ASU plant fortifies the relationship
further."
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company
in operation for over 80 years. Focused on serving energy,
environment and emerging markets, the Company provides essential
industrial gases, related equipment and applications expertise to
customers in dozens of industries, including refining, chemical,
metals, electronics, manufacturing, and food and beverage. Air
Products is also the global leader in the supply of liquefied
natural gas process technology and equipment. The Company develops,
engineers, builds, owns and operates some of the world's largest
industrial gas projects, including: gasification projects that
sustainably convert abundant natural resources into syngas for the
production of high-value power, fuels and chemicals; carbon capture
projects; and world-scale low and zero carbon hydrogen projects
supporting global transportation and the energy transition.
The Company had fiscal 2021 sales of $10.3 billion from operations in 50 countries and
has a current market capitalization of over $50 billion. More than 20,000 passionate,
talented and committed employees from diverse backgrounds are
driven by Air Products' higher purpose to create innovative
solutions that benefit the environment, enhance sustainability and
address the challenges facing customers, communities, and the
world. For more information, visit www.airproducts.com or
follow us on LinkedIn, Twitter,
Facebook or Instagram.
About Jindal Shadeed Iron and Steel
Strategically located in the industrial port of Sohar, the
Sultanate of Oman and a mere
two-hour drive from Dubai, United Arab
Emirates, Jindal Shadeed Iron and Steel (JSIS) is the
largest privately-owned integrated steel producer in the Persian
Gulf region (the Gulf Cooperation Council or the GCC).
This integrated Steel plant has a current annual steel
production capacity of 2.4 million tons and regarded as the
preferred and trusted supplier of high-quality long steel products
to clients in leading and rapidly growing economies of Oman, the United
Arab Emirates and Saudi
Arabia. Beyond the GCC, JSIS supplies steel products to
clients in the far-flung parts of the globe, including six
continents.
JSIS operates a 1.8 MTPA Gas based Direct Reduced Iron (DRI)
Plant which produces Hot Briquetted Iron (HBI) and Hot DRI
(HDRI). The 2.4 MTPA SMS primarily consist of 200 Ton Electric
Arc Furnace, 200 Ton Ladle Furnace, 200 Ton Vacuum Degassing
Furnace: and Continuous Casting Machines. Jindal Shadeed also operates a 1.4 MTPA Rebar
Rolling Mill with 'state-of-the-art technology.
Cautionary Note Regarding Forward-Looking Statements: This
release contains "forward-looking statements" within the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on management's
expectations and assumptions as of the date of this release and are
not guarantees of future performance. While forward-looking
statements are made in good faith and based on assumptions,
expectations and projections that management believes are
reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2021.
Except as required by law, we disclaim any obligation or
undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.