News

SIAD S.p.A. (“SIAD”) and SOL S.p.A. ("SOL") inaugurated an advanced Air Separation Unit (ASU) to produce nitrogen, oxygen, and argon in Velika Gorica, near Zagreb, Croatia. The unit was built through the production joint venture OXY Technical Gases d.o.o. (“OXY”).  

The inauguration was attended by the Ambassador of Italy to Croatia, His Excellency Dr. Paolo Trichilo, the Consul General of Croatia in Milan, Dr. Stjepan Ribić, and the Mayor of Velika Gorica, Hon. Mr. Krešimir Ačkar. 

With an investment of 50 million Euros, the initiative represents a significant example of Italian cooperation abroad. SIAD, through its subsidiary ISTRABENZ PLINI, and SOL, through its subsidiary SOL CROATIA, hold 60% and 40% respectively of OXY's share capital. The project is supported by the European Bank for Reconstruction and Development (EBRD), which has underwritten a long-term loan of 31.5 million Euros in favor of OXY. 

Of advanced design, the plant is dedicated to the production of high-purity liquid oxygen, nitrogen, and argon. Thanks to its substantial size and high energy efficiency standards, SIAD and SOL will be able to procure from the joint production company at competitive costs, while ensuring benefits for the users. 

Built in less than two years by "SIAD Macchine Impianti S.p.A.", a company of the SIAD Group specializing in the engineering and construction of technical gas production plants, industrial compressors, and LNG natural gas liquefaction plants, the new plant is already operational with a staff of 30 direct and indirect employees. 

For further information, please refer to the Press Release.

In the picture from left: Aldo Fumagalli Romario - CEO SOL Group, Ambassador of Italy to Croatia, His Excellency Dr. Paolo Trichilo, Bernardo Sestini, CEO SIAD Group, the President of City Council of Velika Gorica, Mr. Darko Bekić.