Company Website:
http://www.praxair.com
DANBURY, Conn. -- (Business Wire)
Praxair, Inc. (NYSE:PX) announced it has signed a long-term contract to
provide industrial gases to the China National Offshore Oil Company
(CNOOC), a Fortune Global 100 company and one of the largest in China.
The project, expected to start up in 2017, will enable the reliable and
efficient supply of industrial gases for CNOOC’s refinery and downstream
chemical production.
Praxair will build, own and operate two 2,400 tons per day air
separation plants in the Huizhou Daya Bay Chemical Industrial Park,
located in Huizhou, Guangdong, China. Praxair’s product line plants will
provide oxygen and nitrogen to CNOOC to support the company’s refinery
expansion from 250,000 to 460,000 barrels of oil per day. Praxair
currently serves other customers in the Park including the existing
CNOOC refinery and the CNOOC and Shell petrochemical complex. This
investment will further position the company to supply new customers in
the Park via pipeline.
“This new agreement is a result of the strong relationship we have built
with China National Offshore Oil Company over time, as we have provided
them with the reliable supply of industrial gases they need to
successfully run their operations,” said John Panikar, president of
Praxair Asia. “The project also expands Praxair’s operations in southern
China, particularly in the coastal region, where we have already built a
significant presence.”
About Praxair
Praxair, Inc., a Fortune 250 company with 2014 sales of $12.3 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, primary metals and many others. More information about
Praxair, Inc. is available at www.praxair.com.
Contacts:
Praxair, Inc.
Media:
Jason Stewart, 203-837-2448
jason_stewart@praxair.com
or
Investors:
Kelcey
Hoyt, 203-837-2118
kelcey_hoyt@praxair.com
Source: Praxair, Inc.
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