The EDB extends €100 million to finance the construction of an energy-efficient industrial gas plant for Air Liquide in Novokuznetsk

13 July 2021

Moscow, 13 July 2021. The Eurasian Development Bank (EDB) has provided Air Liquide with long-term financing of about €100 million to set up energy-efficient production of industrial gases in Novokuznetsk (Russia). 

Air Liquide is designing and building the plant and will then operate it and produce industrial gases such as oxygen, nitrogen, and argon for a major steel making plant. In addition, Air Liquide will also supply  the industrial gas market in Kemerovo region, Western Siberia. Oxygen, nitrogen, and argon are used in metallurgy and other industries. Since June, site operation is in commissioning.

“The new plant will be much more energy-efficient than previous technologies bringing obvious environmental benefits for Kemerovo region. The EDB always supports projects that introduce state-of-the-art technology in the Bank’s presence – Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan,” said Nikolai Podguzov, Chairman of the EDB Management Board.

Additional Information: 

The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For 15 years, the Bank has worked to strengthen and broaden economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The EDB’s portfolio mainly consists of projects with an integration effect in the areas of transport infrastructure, digitalisation, green energy, agriculture, industry, and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.

The EDB Media Centre: 

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty) 

Sergey Gorbachev +7 (916) 727 22 00 (Moscow) 

pressa@eabr.org

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2021