Air Liquide Invests €70 Million in Kazakhstan for Two Nitrogen Units for Silleno
Air Liquide strengthens its industrial foothold in Kazakhstan by investing 70 million euros in two nitrogen production units to supply a new polyethylene plant of the Silleno group. This agreement continues the French group's development in the region since 2016.
Air Liquide Karabatan Tech Gases LLP (ALKTG), a subsidiary of the group, has signed a long-term agreement with Silleno LLP to build and operate two state-of-the-art nitrogen production units. These facilities will be among the largest industrial gas units in Central Asia and will provide nitrogen and dry compressed air to Silleno's upcoming polyethylene plant.
The infrastructure will be located in the special economic zone of the National Industrial Petrochemical Technopark (NIPT), near the existing ALKTG air separation unit (ASU) that currently supplies Kazakhstan Petrochemical Industries (KPI). This location allows for the creation of synergies within the Karabatan basin, an area in Atyrau.
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The commissioning of the two units and the start of supply are scheduled for the end of 2028, in line with the timeline of the Silleno plant. This investment of 70 million euros marks a new phase in strengthening ALKTG's presence in Kazakhstan, following its first investment in the Karabatan basin in 2019.
ALKTG remains controlled by Air Liquide Munay Tech Gases (ALMTG), a subsidiary of the group created in 2016 and owned 75% by Air Liquide and 25% by KazMunayGaz NC, the national oil and gas company of Kazakhstan. The group already operates hydrogen and nitrogen production units for KMG's refineries in Pavlodar (since 2018) and Atyrau (since 2021).
Air Liquide poursuit avec succès sa trajectoire au T1 2026.
Les installations et la sécurité des équipes sont prioritaires dans un contexte d’instabilité géopolitique.
Risks mentioned
Contexte d’instabilité géopolitique marqué notamment par le conflit au Moyen-Orient.
Interruption de la source d’hélium au Qatar depuis le mois de mars.
Baisse de la demande dans certaines régions impactant les résultats.
Opportunities identified
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Investissements en titan de 1,5 milliard d'euros dans des projets industriels.
Solidité du marché dans le secteur médical et électronique.
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
