Nippon Gases Norway is set to invest 400 million Norwegian kroner in a new air separation unit in Hjelmeland, aiming to bolster gas supply for local aquaculture and industrial sectors while supporting regional economic growth.
Target Information
Nippon Gases Norway, a subsidiary of Nippon Gases Euro-Holding based in Madrid, Spain, is set to construct a new air separation unit in Viganeset Industrial Park, Hjelmeland, Norway. This investment, amounting to 400 million Norwegian kroner, aims to fortify the supply chain for industrial, medical, and food-grade gases, which are crucial for the local aquaculture industry and broader market needs. The facility is anticipated to commence operations in the summer of 2027, contributing significantly to the region’s economic stability.
The decision to build this air separation unit underscores Nippon Gases Norway's role in the Norwegian market. It represents the fourth unit of its kind within the country, emphasizing the company's commitment to ensuring a steady supply of gases. This initiative not only addresses the immediate needs of regional industries but also supports the local economy through job creation during the construction phase.
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Industry Overview
The industrial gases sector in Norway has been experiencing a robust growth trajectory, propelled by the increasing demand for gases across various industries, particularly in aquaculture and food processing. The country's unique geographical la
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Transaction Size: $40M