Praxair Signs New Long-Term Hydrogen Supply Agreement for Phillips 66 Sweeny Refinery
November 09 2018 - 7:00AM
Business Wire
Praxair, Inc., a wholly-owned subsidiary of Linde plc,
(NYSE:LIN; FWB:LIN) has reached an agreement with Phillips 66
(NYSE:PSX) to supply high-purity hydrogen to the company’s Sweeny
Refinery located in Old Ocean, Texas, starting in early 2021.
Praxair will extend its 310-mile U.S. Gulf Coast hydrogen
pipeline system, which currently runs from Freeport, Texas to Lake
Charles, Louisiana, to connect with the Sweeny Refinery. The
company will also build, own and operate a new world-scale steam
methane reformer (SMR) that will connect to the pipeline system at
a location still to be determined.
The new SMR will supply Phillip’s Sweeny Refinery, as well as
meet the hydrogen demands of new customers. Upon expected
completion in early 2021, this will be the largest hydrogen
production unit in the U.S. The unit, which will have a
state-of-the-art process design, will increase Praxair’s Gulf Coast
hydrogen capacity to more than 1.5 billion cubic feet per day.
“We are proud that world-class refiner Phillips 66 has chosen
Praxair to be their hydrogen supplier at Sweeny. We are committed
to providing our customers with supply reliability over the
long-term. Praxair understands that hydrogen is a critical
requirement for our customers, and our robust hydrogen supply
system, backed by multiple supply sources and an innovative
high-purity hydrogen storage cavern, gives us a unique capability
to meet that need,” said Dan Yankowski, president, Global Hydrogen
and Carbon Monoxide, Praxair.
“Praxair is an existing supplier for many of our refineries,”
said Bob Herman, executive vice president, Refining at Phillips 66.
“Praxair’s ability to develop a reliable and cost-effective supply
solution at Sweeny Refinery contributed to our recent decision on
hydrogen supply.”
With this new Phillips 66 agreement, Praxair is now uniquely
positioned to supply hydrogen to the refineries located on the
upper-Texas Gulf Coast.
About Praxair
Praxair, Inc., a wholly-owned subsidiary of Linde plc, 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 16 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181109005226/en/
Praxair Media:Lisa Esneault, (203)
837-2448lisa_esneault@praxair.comorPraxair Investor:Juan Pelaez,
(203) 837-2213juan_pelaez@praxair.com
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