GCC INDUSTRIAL GASES MARKET ANALYSIS

GCC Industrial Gases Market, By Gas Type (Oxygen, Nitrogen, Helium, Acetylene, Argon, Hydrogen, Carbon Dioxide), By Application (Metals and Metallurgy, Medical & Healthcare, Welding & Metal Fabrication, Automotive & Aerospace, Electronics, Refining, Energy, Oil & Gas, Food & Beverage, Chemicals & Petrochemicals, Pulp & Paper, Pharmaceutical & Biotechnology, Other), By Geography (Kingdom of Saudi Arabia, UAE, Kuwait, Qatar, Oman, Bahrain)

In February 2022, Linde PLC announced that a long-term contract for the delivery of hydrogen and steam had been agreed with BASF. The capacity of Linde at the chemical park at Chalampé, France, will be essentially doubled by the construction and operation of a new hydrogen production facility. The new BASF hexamethylenediamine (HMD) production facility will be supplied by this plant. In the first half of 2024, the plant is anticipated to come online.
In January 2022, In Kosi, Uttar Pradesh, India, Air Liquide will invest in a new Air Separation Unit (ASU) specialised to Industrial Merchant activities. This machine can create 350 tonnes of oxygen per day, with a maximum capacity of 300 tonnes. Air Liquide India will build, own, and operate this ASU, which is slated to commence operations by the end of 2023.
In March 2021, Echo Energy Plc. was awarded two further contracts to sell industrial gases at a premium. Each contract is for a 12-month period, and the business plans to start selling gases in May 2021.
In April 2020, Air Liquide and its industrial merchant customers agreed to 11 additional contracts. For 10 years, it would deliver hydrogen, oxygen, and nitrogen to its customers. In this way, the company will be able to compete in the market.