Air Liquide and Praxair detail JV at Shanghai Chemical Industry Park. (Business & Finance News: Asia/Pacific).(Brief Article)

Air Liquide and Praxair say they are moving ahead with detailed plans to jointly build an integrated industrial gases complex to supply investors at the Shanghai Chemical Industry Park (Caojing, China). The companies have formed a 5050 joint venture, Shanghai Chemical Industry Park Industrial Gases (SCIPIG), for the project. SCIPIG is a subsidiary of Air Liquide-Praxair jv Sinopal (Singapore).

Shanghai's industrial and commercial administration bureau has granted a business license to SCIPIG. It is the first jv at Caojing to receive a license, says Wu Cheng-Lin, chairman of Shanghai's foreign investment committee. Air Liquide and Praxair say they expect to secure …