Air Liquide plans to invest $150 million to expand Airgas's production capacity and pipeline network in Tennessee, facilitating supply for LG Chem's new battery manufacturing plant.

Target Information

Air Liquide is set to invest approximately 150 million US dollars to enhance the production capacity and pipeline network of its subsidiary, Airgas, located in Tennessee. This investment is part of a strategic long-term agreement with LG Chem, which involves supplying oxygen for LG Chem’s forthcoming cathode active material manufacturing plant. By supporting the growth of the battery ecosystem in the United States, Airgas aims to solidify its position in a rapidly expanding market.

This investment will facilitate the establishment of a second Air Separation Unit (ASU), liquefier, storage, and pipeline at the Clarksville facility. The new installations are scheduled for commissioning in 2027 and will expand production capabilities for oxygen, nitrogen, and argon. This enhancement aligns with Airgas's commitment to supporting a diverse range of industries, including healthcare, food production, and water treatment across Tennessee and Kentucky.

Industry Overview in the United States

The battery manufacturing industry in the United States is experiencing significant growth, primarily driven by the increasing demand for electric vehicles (EVs). Projections suggest that the global number of electric cars will more