Air Liquide SA (AI.FR) on Thursday said it is expanding its partnership with Kumho Mitsui Chemical Inc. in South Korea.
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The French chemicals company said it has signed a long-term contract that will increase its supply of both hydrogen and carbon monoxide to KMCI at Yeosu industrial complex. Air Liquide said it will invest around 100 million euros ($123.5 million) to build a new hydrogen production unit at the complex.
The new steam-methane reformer will increase production capacity of both hydrogen and carbon monoxide by about 50% at the Yeosu complex, the second-largest industrial park in South Korea, it said. Operations are expected to start in 2020, Air Liquide said.
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(END) Dow Jones Newswires
January 25, 2018 03:06 ET (08:06 GMT)