Praxair Upgrades Gulf Coast Oxygen Pipeline System
Posted on: Tuesday, 15 January 2008, 12:00 CST
Praxair, Inc. (PX: NYSE) will upgrade the production capability of its Gulf Coast oxygen pipeline system in order to meet growing demand for gaseous oxygen from pipeline customers under contract. Praxair will shut down a 30-year-old plant in Deer Park, Texas, and replace it with a new, state-of-the-art, energy-efficient air-separation plant in Texas City, Texas. The new plant, scheduled to start up in mid-2008, will have a capacity of 1,800 tons per day.
"We are experiencing robust demand from refinery and petrochemical customers connected to our pipeline," said Anne Roby, vice president-South Region, North American Industrial Gases. "Driving this demand are environmental applications of oxygen such as production of cleaner-burning gasoline and diesel fuels as well as waste water treatment. We anticipate steady, ongoing growth in this area over the next four years and beyond."
Praxair's atmospheric gases pipelines supply about 50 refineries and petrochemical plants along the Texas Gulf Coast. Praxair also operates one of the world's largest hydrogen pipeline systems in the same area.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2006 sales of $8.3 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.
Source: Business Wire
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