The Linde Group has set up a joint venture with Abu Dhabi National Oil Corporation (Adnoc) for the production and long-term supply of industrial gases to customers in Abu Dhabi.

Adnoc Linde Industrial Gases Company Limited is established under the name 'Elixier' and will have Adnoc (51 per cent) and Linde (49 per cent) as shareholders.

The first phase of the new Elixier JV will be the construction of a Dh238.7 million ($65 million) air separation plant in the Industrial Zone of Ruwais, Abu Dhabi. The new air separation plant will supply nitrogen from the end of 2009 to industrial customers in Ruwais and will also produce liquefied nitrogen and oxygen.