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Praxair to Increase Gas Supply in Rocky Mountain Region

Posted on: Wednesday, 8 February 2006, 15:00 CST

Praxair, Inc. (NYSE: PX) will expand its industrial gas production facility in Loveland, Colorado, in response to the growing demand from oil and gas production customers in the U.S. Rocky Mountains. The project is expected to start up by the fourth quarter of 2007.

The expanded facility will produce up to an additional 300 tons per day of liquid oxygen, nitrogen and argon to supply customers in Montana, Wyoming, Colorado, New Mexico, Nebraska and Kansas. Liquid nitrogen is used to "fracture" geologic formations containing natural gas to increase the flow of gas to production wells.

"The added capacity will further strengthen Praxair's ability to provide uninterrupted gas supply both in the near term and to support future growth in oil and gas production," said Jim Fuchs, Praxair president, North American Industrial Gases.

Praxair supplies an array of products and services to the energy sector, including nitrogen and carbon dioxide injection and rejection, mobile nitrogen pumping services, foam-fracturing applications, portable coal-bed methane recovery systems, and clean dry air systems.

Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2005 sales of $7.7 billion. Praxair products, services and technology 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 about Praxair is available on the Internet at www.praxair.com.

Source: Business Wire

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