Praxair Signs Long-Term Supply Agreement and Builds Presence in Petrochemical Park in China
July 17 2014 - 9:00AM
Business Wire
Praxair, Inc. (NYSE:PX), through a subsidiary, has signed a
long-term contract to supply industrial gases to Nanjing Jinling
Huntsman New Materials Co., Ltd., a joint venture between SINOPEC
Jinling and Huntsman. Jinling Huntsman will use the gases to help
build a state-of-the-art propylene oxide (PO) and methyl tertiary
butyl ether (MTBE) plant located in Nanjing, East China. PO is a
high-quality intermediate compound used to make polyurethane
materials, and MTBE is a clean fuel additive.
Praxair will construct its new air separation unit (ASU), with a
capacity of 900 tons per day of oxygen, in the Phase II area of
Nanjing Chemical Industrial Park (NCIP), a leading, state-level
interconnected chemical production facility. Praxair will also
build a pipeline in the park to help meet the industrial gas
requirements of Jinling Huntsman and other customers throughout
NCIP. The ASU is expected to start up in 2016.
“Nanjing Jinling Huntsman New Materials Co., Ltd. is very
pleased to select Praxair as its industrial gas supplier and
cooperative partner,” said Ju Zhengyu, general manager of Nanjing
Jinling Huntsman New Materials Co., Ltd. “As a leading global
industrial gases company, Praxair has developed a safe and reliable
gas solution for our project.”
“We’re proud to win the trust of Jinling Huntsman,” said Dr.
Minda Ho, president of Praxair China. “The air separation plant
that we will build will establish Praxair as the first industrial
gases pipeline supplier in NCIP, with great potential to supply
more customers in the new phase of this top-notch chemical park.
Praxair has a strong track record of developing industrial gases
supply networks in leading chemical industrial parks such as
Shanghai Chemical Industry Park, Huizhou Daya Bay Chemical
Industrial Park and Yangzhou Chemical Industry Park. We’re looking
forward to applying our world-class air separation technology with
high safety, reliability and operational excellence to support our
customers in their business goals.”
About Praxair
Praxair, Inc., a U.S. Fortune 250 company with 2013 sales of $12
billion, is the largest industrial gases company in North and South
America and one of the largest worldwide. The company produces,
sells and distributes atmospheric, process and specialty gases, and
high-performance surface coatings. Praxair products, services and
technologies are making our planet more productive by bringing
efficiency and environmental benefits to a wide variety of
industries, including aerospace, chemicals, food and beverage,
electronics, energy, healthcare, manufacturing, metals and many
others. More information about Praxair, Inc. is available at
www.praxair.com.
Praxair, Inc.Media:Jason Stewart,
203-837-2448jason_stewart@praxair.comorInvestors:Kelcey Hoyt,
203-837-2118kelcey_hoyt@praxair.com
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