Hong Kong Oxygen (HKO), a joint venture between BOC and Air Liquide, has signed a contract to build an air separation unit (ASU) and a liquefier to supply Zhujiang Iron & Steel Corporation’s (ZIS) steel making operations in China’s Guangdong province.
According to BOC, ZIS is a modern hot rolled coil steel plant using an electric arc furnace (EAF) steelmaking process. With demand for its products continuing to grow, ZIS has expanded its liquid steel production from one million to two million tons per year by installing a second EAF.
Construction of the 180 tonne-per-day (tpd) ASU and liquefier began in February 2004 at the existing plant site, which is located in the Guangzhou Economic and Technological Development Zone. The project is expected to be completed by December, 2004.
The investment is being financed through Pearl River Industrial Gases (PRIG), another joint venture company between Guangzhou Iron and Steel (GIS) and HKO.
“HKO’s investment is aligned with our strategy to strengthen our joint venture’s position in the Pearl River Delta to meet the growing demands of both local and international companies who are similarly investing in this important economic region,” said Jim Le, general manager for HKO in South China.