Air Products (AP) recently announced it has signed a long-term gas supply contract with Shandong Binhua New Material (SBNM), a subsidiary of Befar Group which is a leading petroleum and chemical enterprise in China, to support SBNM’s flagship chemical project located in the Beihai Economic Development Zone of Binzhou City, Shandong Province, China.
Under the contract, AP will build several onsite gas production facilities, including an ASU, to meet Binhua’s gaseous oxygen and nitrogen demand. The ASU will also provide liquid products to other customers in the park and the growing merchant market in Shandong Province. All facilities will be fully operational in 2022.
SBNM now processing RMB 51.5 billion yuan (USD 7.5 billion) two-phase propane and butane integrated utilization project in Beihai Economic Development Zone.