Project report for Oxygen Plant

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Now in India, Oxygenplant industries are growing day by day and it finds broad application in various technological processes and in almost all industry branches. The primary oxygen application is associated with its capability of sustaining burning process, and the powerful oxidant properties. Due to that, oxygen has become widely used in the metal processing, welding, cutting and brazing processes. In the chemical and petrochemical industries, as well as in the oil and gas sector oxygen is used in commercial volumes as an oxidizer in chemical reactions. Oxygen plants are industrial systems designed to generate oxygen. They typically use air as a feedstock and separate it from other components of air using pressure swing absorption or membrane separation techniques. Such plants are distinct from cryogenic separation plants which separate and capture all the components of air. Oxygen generator takes air as raw material. Being compressed by air compressor, air enters freeze dryer and multilevel filters to have its most water and impurities like dust particle removed, then flows into air tank to buffer and balance pressure before going to absorber through switch valve, which has completed its molecular sieve regeneration and is under working state. In absorber, gases like nitrogen and carbon dioxide are adsorbed by molecular sieve while oxygen gas enriches at the top of absorber and flows into oxygen buffer tank. After being filtrated by odor & dust removing filter and degerming filter, qualified oxygen gas is obtained. The oxygen production of oxygen generator is a physical adsorption process, which has no chemical reaction and causes no pollution to environment. It is the ideal oxygen supply method in modernization management of practical treatment system.

Market potential & Strategy

The global market for air separation plants was valued at INR 33, 300.51 Crores in 2021 and is projected to reach INR 43, 700.27 Crores by 2026. The global market for air separation plants is driven by strong growth in demand, especially from the iron & steel, oil & gas, chemical, healthcare, and other end use industries. The markets have undergone an unprecedented transformation over several decades. Political reforms have fueled the growth of the middle class worldwide and have led to increased disposable income and urbanization. This has led to a rise in consumerism, an idea that increasing consumption of goods and services is always a desirable goal, consumer spending is the key driver of the economy, and encouraging consumers to spend is a major policy goal. The growth of the industrial sector in these countries has led to the demand for utility gases, which are critical components used in the fabrication of goods. This, in turn, is driving the air separation plant market.

The COVID-19 pandemic has resulted in a strong demand for medical oxygen for the treatment of critically ill patients. The COVID-19 induced logistic disruptions resulted in a shortage of medical oxygen across low and middle income countries of the world. This facilitated the strategy of installing on-site medical oxygen plants and generators to overcome shortfalls. As a result, the air separation plant market is witnessing increased demand from the healthcare end-use industry.

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