Inox Air Products To Set Air Separation Unit At Hazira AMNS Steel Plant

Gujarat, EOS-06 Satelitte

Photo: Twitter @narendramodi

INOX Air Products (INOXAP) on Monday said it will set an air separation unit -- a plant that separates oxygen and nitrogen from atmospheric gases -- at steel maker AMNS's plant located at Hazira in Gujarat.

Producing oxygen is part of the overall steel making process through the blast furnace route.

In a statement, INOXAP said it "has been awarded a prestigious contract for setting up its sixth air separation unit (ASU) at the Hazira unit of ArcelorMittal Nippon Steel India (AMNS India)."

The new ASU has the ability to produce 1,000 TPD (tonne per day) of gaseous oxygen and 1,000 TPD of gaseous nitrogen along with other liquid medical and industrial gases, it said, adding the unit will be commissioned within 23 months.

INOXAP's had already installed five ASUs at AMNS Hazira plant and the commissioning of the sixth one would scale up the combined capacity of the industrial gas complex to 11,100 TPD.

The company did not disclose the order value.

RECENT NEWS

BoE Loosens Capital Rules

The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more

Monzo Looks For US Banking License

Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Parallel Banking: Stablecoins Are Now Global

Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more