Xinhua News Agency, June 6 / PRNewswire-FirstCall-Asianet /-- Hangzhou oxygen Co., Ltd. plans to cooperate with KPS and Jerry International, subsidiaries of Liqin Resources Holdings, to set up a joint venture gas company in Indonesia, Indonesia Hangzhou oxygen Gas Co., Ltd., which is responsible for the construction, operation and management of a 25000Nm ³/ h air separation plant. BOO gas supply is carried out for the stainless steel project of KPS in OBI, Indonesia. The gas supply period is 15 years, and the start-up time of the gas supply is subject to the final actual production time of the project. The total investment of the project is expected to be 297 million yuan. In addition, the company invested in the establishment of a wholly-owned subsidiary Dazhang oxygen, which is responsible for the construction, operation and management of two new 40000Nm ³/ h air separation projects to provide Dazhou Iron and Steel Group with gas products for its production.