Clark firm, gas company seal $50-million pact for air separation plant
By Rey G. Navales
Friday, September 30, 2011
CLARK FREEPORT – The Clark Development Corporation (CDC) has forged a $50-million pact for an air separation plant with Ingasco, a Japanese gas company.
During a recent trip to Japan, President Benigno Aquino III witnessed the signing of a reservation agreement and term sheet between Ingasco and CDC officials.
CDC President Felipe Antonio B. Remollo said the project will pave the way for the establishment of a $50-million Air Separation Unit Facility.
Remollo and Ingasco President Masahiko Kitabatake signed the accord during the recent visit Aquino in Japan.
Remollo said the fuel facility will be located in a 32,928-square-meter area along Panday Pira Avenue here.
The project would include the installation of mechanical and electrical equipment used for air separation such as cryogenic distillation column, column, multi-stage air compressors, pumps, electrical substation, cooling towers, and cryogenic storage tanks, among others.
Once fully operational, Remollo said Ingasco will supply nitrogen, argon, and oxygen to big firms like Texas Instruments (TI) and Phoenix Semiconductor Philippines Corporation (PSPC), among other electronic and semiconductor companies.
The facility will have an output capacity of 10,100 Nm3 per hour for the production of liquid oxygen (LOX), liquid nitrogen (LIN), and liquid argon (LAR), including major process areas in filtration, air compression, pre-purification, liquefaction and separation/distillation, storage and product loading.
Ingasco is 70 percent owned by its mother company Taiyo Nippon Sanso Corporation (TNSC), a major supplier of industrial gases such as oxygen, nitrogen and argon to a wide range of industries, including the steel, chemical, electronics, automobile, construction, shipbuilding, and food industries.
The company also develops and manufactures gas-applied devices and equipment and plays a vital role in the frontiers of science and environmental preservation, as well as the Japan National Hydrogen Project.
Aside from its industrial gas business, the corporation is also involved in the supplying medical oxygen and other high-quality gases to medical institutions.
http://www.sunstar.com.ph/pampanga/local-news/2011/09/30/clark-firm-gas-company-seal-50-million-pact-air-separation-plant-1823
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