Chinese gas suppliers grow rapidly as Russia’s ban sets in
Russia and Ukraine are collectively the largest producers of some of the world’s rare gasses. Read Also: Russia bans the export of inert gases such as neon and helium In the face of the shortage of neon gas, there is a shadow of the rapid growth of Chinese gas suppliers. For the semiconductor industry, there is a need for many types of special gases.
In the field of electronic special gases, Germany’s Linde Group, French Air Liquide Group and American Air Products Group are the three largest gas suppliers in the world. Among the Chinese gas suppliers, Huate Gas, which was established in 1999 and listed on the Science and Technology Innovation Board in 2019, is the representative of Chinese special gas players. Under the oligopoly of foreign gas companies such as Germany’s Linde Group, France’s Air Liquide Group, the US Air Products Group, and Japan’s Showa Denko, Walter Gas’ coverage rate for Chinese 8-inch integrated circuit manufacturers exceeds 80%. Read Also: Price of high-quality neon gas has risen more than tenfold as Russia enforces ban
After the conflict between Russia and Ukraine in 2014 and 2015, companies saw the need to move from Ukraine. According to the 2019 Walter Gas prospectus, its crude neon gas supply mainly comes from Chinese gas suppliers. Its krypton gas supply has also had to move from EAST RAY DISTRIBUTIONS LTD to Anhui Tianlang Gas Development Co. In April of this year, Walter Gas announced that it would issue convertible corporate bonds.
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