Praxair Starts Up New Air Separation Plants in Southern China Petrochemical Park
July 23 2018 - 8:30AM
Business Wire
Praxair, Inc. (NYSE: PX) announced it has started up two new air
separation plants to supply China National Offshore Oil Corporation
(CNOOC), a Fortune Global 100 company and one of the largest in
China. The two plants, each with 2,400-tons-per-day of oxygen
capacity, are supplying on-site oxygen and nitrogen to CNOOC to
support the company’s refinery expansion and related downstream
chemical production.
With the start-up of the two new plants, Praxair is now
operating a 5,600-ton-per-day production complex, made up of four
air separation units. These units are serving a total of nine
customers in the Huizhou Daya Bay Chemical Industrial Park, located
in Huizhou, Guangdong, China, including the CNOOC and Shell
petrochemical complex.
“This project not only expands our relationship with CNOOC, but
also enables us to build density and increase supply reliability to
all of our valued customers in the park and throughout southern
China,” said Will Li, president of Praxair China. “Praxair is
driving further profitable growth through disciplined investment in
select projects such as this one, and we look forward to building
on our momentum in the region.”
About Praxair
Praxair, Inc. is a leading industrial gas company in North and
South America and one of the largest worldwide. With market
capitalization of approximately $40 billion and 2017 sales of $11
billion, the company employs over 26,000 people globally and has
been named to the Dow Jones® World Sustainability Index for 15
consecutive years. Praxair produces, sells and distributes
atmospheric, process and specialty gases, and high-performance
surface coatings. Our 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, primary metals and many others. For more
information about the company, please visit our website at
www.praxair.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180723005027/en/
Praxair Media Contact:John Puskar,
203-837-2448john_puskar@praxair.comorPraxair Investor Contact:Juan
Pelaez, 203-837-2213juan_pelaez@praxair.com
P10 (NYSE:PX)
Historical Stock Chart
From Aug 2024 to Sep 2024
P10 (NYSE:PX)
Historical Stock Chart
From Sep 2023 to Sep 2024