Air Liquide strengthens its long-term relationship with BASF in South Korea

Paris, France, January 21, 2021

Air Liquide and BASF, a world-leading chemical company, have signed a contract in South Korea’s Yeosu National Industrial Complex to extend the term of their existing agreements over the long term. Within this context, Air Liquide leveraged the start-up in 2020 of its fourth hydrogen and carbon monoxide unit in this major industrial complex to increase by 20% the contractual volumes dedicated to BASF.

Air Liquide’s first contract with BASF in Yeosu was signed 20 years ago. Since then, Air Liquide has significantly developed its industrial footprint in the Yeosu basin, culminating in the construction of a state-of-the-art, highly efficient hydrogen and carbon monoxide plant designed and built by Air Liquide’s Engineering and Construction. This latest unit, which started up in 2020, is fully integrated with Air Liquide’s three other plants through its 40 km pipeline supply network in Yeosu to ensure the highest level of safety, reliability, efficiency, and flexibility to its customers.

Recognising this strong industrial set up and customer focus of Air Liquide, BASF has renewed its trust in Air Liquide by extending the existing contracts over the long term, and increasing its reserved capacity by +20%, further reinforcing the long-standing relationship between Air Liquide and BASF.

Francois Abrial, member of the Air Liquide Group’s Executive Committee supervising Asia-Pacific, said:

“We are pleased to strengthen our long-term partnership with BASF, a leading global company and long-standing strategic customer of the Group, by extending and expanding further our collaboration in the Yeosu basin. This major contract is a demonstration of BASF’s trust and confidence in Air Liquide to create value and deliver long-term performance to our customers.”

Air Liquide has been present in South Korea since 1996, providing industrial gases and related services to major industries (petrochemicals, oil refining, steel, automotive, and renewable energy, etc). Today, Air Liquide operates 4 main affiliates in Korea: Air Liquide Korea for industrial gases & services as well as the hydrogen energy market, VitalAire Korea for Home healthcare equipment & services, Air Liquide Solutions Korea for electronic gases & services, and Air Liquide Advanced Materials Korea for cutting edge production and development of advanced materials.

Offers gas and energy solutions that improve process efficiency and help achieve greater respect for the environment, mainly in the refining and natural gas, chemicals, metals and energy markets. In 2019, revenues were €5,629 million.