| Project Detail |
Project Description
The provision of a long-term loan of up to US$ 81 million to Kryvyi Rih Industrial Gas LLC (the "Company"), a Joint Venture with majority ownership by Air Products & Chemicals Inc,. a company registered in the USA. Subject to the finalisation of commercial agreements, the Company will design, construct and operate an on-site air separation unit (the ?Project?) to be located in Kryvyi Rih.
Project Objectives
The Project will employ modern, state-of-the-art technology to safely and reliably produce industrial gases, for ArcelorMittal?s Kryvyi Rih steel works and other customers in Ukraine and beyond. By replacing existing industrial gas production on ArcelorMittal?s site, the new facility will reduce the annual energy consumption of the steel plant. |
