Balcioglu Selcuk Akman Keki Attorney Partnership and Dentons have advised Isdemir, a member of the Oyak Mining Metallurgy Group, on the incorporation of a joint venture with Linde Group, to build a new air separation unit at the Iskenderun premises of Isdemir.
The air separation unit is designed to daily generate 1,700 tons of oxygen and nitrogen to Isdemir per day, increasing the company's nitrogen production capacity by 70% and oxygen production capacity by 60%, through a Build, Own, Operate business model, and it is the largest air-separation operation ever undertaken by an industrial gas company in Turkey. This partnership is the first international joint venture formed by Oyk Mining Metallurgy Group in its over 50-year history.
Established on October 3, 1970, Isdemir is Turkey’s third oldest integrated iron and steel plant and the largest in manufacturing capacity. It is Turkey's only integrated plant that produces long and flat products with a hot rolling capacity of 3.5 million tons/year.
According to BASEAK, "the Linde Group is a world-leading supplier of industrial, process and speciality gases and is one of the most profitable engineering companies.”
The BASEAK team included Partner Galip Selcuk, Counsel Tulu Harsa, and Associate Cemre Demirkaya. The Dentons team was led by Istanbul-based Partner Ian McGrath.
BASEAK did not reply to our inquiries regarding counsel for the Linde Group.