Top Industry Leaders in the Gas Liquid Argon Market
August 2023OXY Technical Gases, a joint venture between SIAD Group and SOL Group, has recently been established with the goal of expanding the availability of oxygen, nitrogen, and argon in Eastern European markets, specifically in Croatia and its neighbouring countries. OXY Technical Gases is 60% owned by SIAD Group, and SOL Group owns 40% of the joint venture.In the Croatian town of Velika Gorica, close to Zagreb, OXY Technical Gases is constructing an air separation unit (ASU). The US$56.1 million project will help improve the stability and quality of the high-purity gas supply, which includes liquid nitrogen, oxygen, and argon. Produced at cryogenic temperatures, these gases will be supplied to hospitals, industrial factories, and other customers throughout Croatia and neighbouring countries, as well as SIAD and SOL.July 2023The purchase of a sizable cryogenic facility to cool tens of thousands of tonnes of liquid argon is the subject of a recently granted multi-year contract, which moves the Deep Underground Neutrino Experiment that much closer to reality.Fermi National Accelerator Laboratory of the United States Department of Energy is hosting the ambitious Long-Baseline Neutrino Facility, where DUNE and its cryogenic plant will be assembled. More information than ever before will be available thanks to this experiment regarding the strange behaviour of neutrinos, which are basic particles. The massive neutrino detectors in the South Dakota LBNF caverns at the Sanford Underground Research Facility, which are filled with liquid argon, will be reached by a beam of neutrinos driven by Fermilab's PIP-II accelerator after travelling 1,300 kilometres (or roughly 800 miles) through the earth.Competitive LandscapeMajor companies profiled in the report include Air Liquide (France), Praxair Inc. (U.S.), Messer Group (Germany), Eurochem (Switzerland), BASF SE (Germany), Nippon Shokubai Co. Ltd. (Japan), SOL Spa (Italy), SABIC (Saudi Arabia), The Linde Group (Germany), and Air Products and Chemicals Inc. (U.S.).