DACH Region Boosts Investment in Industrial Gases

---

Researched by Industrial Info Resources (Sugar Land, Texas)--The DACH region--Germany, Switzerland and Austria--has seen about US$1.15 billion of investment this year in its production of industrial gases, such as hydrogen, nitrogen, oxygen and methane. This year also has seen an increase in the manufacturing of these gases via renewables, rather than fossil fuels, to reduce carbon emissions during production.

These industrial gases are used in various industries to fuel oxidation and combustion (oxygen), prevent explosions (nitrogen), or as an energy source (hydrogen). They also are used as raw materials in the Chemical Processing Industry.

Only about US$25.8 million of the total investment is going toward existing plants, while most will be used to set up new plants with renewable sources. First Ammonia LLC (New York, New York) and Haldor Topsoe Germany GmbH (Lyngby, Denmark) are partnering on one of these plants, valued at US$265.4 million. Another, from HH2E AG (Berlin, German) and MET Germany GmbH (Frankfurt am Main, Germany), is valued at US$196.9 million.

Industrial Info is tracking more than 40 capital and maintenance projects in the DACH region's industrial gases market. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of detailed project reports, and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).