(MENAFN- Muscat Daily) Air Products, a leading global hydrogen provider, and Takamul Investment Co, a subsidiary of the Oman Oil Co, announced they have signed a joint venture agreement to establish an integrated industrial gas venture, which will become a one-stop provider for a full range of industrial gases such as hydrogen, nitrogen and oxygen to customers in the Special Economic Zone at Duqm (Sezad).
The venture will support the economic development of Sezad and will enhance its competitiveness to attract more investments. It will also aim to deliver the highest operational excellence by leveraging Air Products' capabilities in industrial gas plant design, pipeline infrastructure development and operational know-how, as well as Takamul's multi-utility infrastructure position in Duqm, via its Centralised Utility Co (CUC), a press release said.
Commenting on the venture, Hilal al Kharusi, chairman of Takamul, said, ''Following a thorough and extensive evaluation process to select Air Products as one of our strategic partners, I am delighted to be announcing our agreement. There is a lot we can learn and benefit from partnering with international companies such as Air Products as we drive to bring reliable, high quality, centralised utilities to Sezad.''
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.