Air Liquide to Supply Oxygen to LG Chem for their Electric Vehicle Battery Plant in the United States
L'AIR LIQUIDE SA UNSP/ADR (AIQUY)
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Source: Business Wire
PARIS--(BUSINESS WIRE)--Regulatory News:Air Liquide (Paris:AI) will invest around 150 million US dollars to expand its production capacity and pipeline network in Tennessee, U.S., in the context of a new long-term contract with LG Chem. Supplying oxygen to LG Chem’s future cathode active material plant, the Group will be supporting the growth of the battery ecosystem in the United States. This investment will increase the Group’s footprint in a key region and support the development of its Industrial Merchant market.Triggered by LG Chem’s new need for oxygen at their future cathode active material manufacturing plant for lithium-ion electric vehicle batteries, Air Liquide is investing 150 million US dollars to build, own and operate a second ASU, liquefier, storage and a pipeline at its Airgas production facility located in Clarksville, Tennessee.This investment reflects how the Air Liquide group is solidly positioned to accompany its customers in the new Energy Transition markets
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