On 31 October 2018, Linde announced the successful completion of the business combination between Praxair and Linde AG. The combined entity is a global industrial gas leader, generating 2017 pro forma revenues of approximately $27bn, with over 80,000 employees across more than 100 countries, serving over two million customers. ADNOC has signed an MoU with Linde Group on 16 November 2017 to explore the expansion of nitrogen facilities in Ruwais, Abu Dhabi, to meet future industrial demand. This represents a continued commitment to joint business development by the two partners under the auspices of the joint venture, ADNOC Industrial Gases, which the two companies entered into 10 years ago. As a first step under the agreement, Linde will carry out a FEED study for new air separation units, which are intended to satisfy the expanding nitrogen requirements of ADNOC’s gas processing, petrochemicals and refining businesses.
For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.