Air Liquide to Invest in US Gulf Coast After Methanex Supply Deal
September 18 2019 - 12:29PM
Dow Jones News
By Max Bernhard
Air Liquide SA (AI.FR) plans to invest more than $270 million in
the U.S. gulf coast region and significantly increase production
capacity there after striking a long-term supply deal with Methanex
Corp (MEOH).
Under the agreement, Air Liquide will supply oxygen, nitrogen
and utilities to Methanex's upcoming methanol plant expansion
project in Geismar, Louisiana, the industrial-gases supplier said
Wednesday.
The company said it plans to invest in two new large
air-separation units and infrastructure assets connected to its
Mississippi River Pipeline.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
September 18, 2019 12:14 ET (16:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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