- Chart reports sales down across multiple segments
- US real GDP up; Global Chemical Production Regional Index "soft"
- Air Products reports growth despite EfW exit in Q2 results
- Praxair to upgrade Louisiana facility with $100m investment
- Carbon dioxide production in China boosted by local gas companies
Tier One company, Praxair, is set to invest in excess of $100m in its Geismar facility, Louisiana, to expand its carbon monoxide production (CO) capabilities.
Yara International ASA, has officially signed the transaction documents for the sale of its carbon dioxide (CO2) business to Tier One player, Praxair.
Chart sees an increase in its Distribution and Storage segment, while Energy and Chemicals and BioMedical both take hits in a net loss for the first quarter of 2016.
US real GDP grew at an annual rate of 0.5 perfect in the first quarter of 2016, according to the first estimate from the Bureau of Economic Analysis.
In the first fiscal quarter of 2016, not even industrial gas giant, Air Liquide, could escape the impacts of the slowdown in the oil sector. But despite this and other external factors, such as lower exchange rates and energy prices, the French corporation still showed solid revenue growth, largely thanks to various M&A activity.
Despite unfavourable currency and the extreme exit of its Energy-from-Waste (EfW) business, Tier One player, Air Products, has achieved its seventh consecutive quarter of delivering double-digit revenue growth in its latest fiscal quarter, ending 31st March, 2016.
Kunshan Carbon Dioxide Co. Ltd, a wholly-owned subsidiary of Suzhou Jinhong Gas Co. Ltd, has started up a carbon dioxide (CO2) production plant in Kunshan, a city in southeast Jiangsu province and adjacent to Shanghai.
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Hydrogen is the most abundant element in the universe whether measured by mass or number of molecules, and is also number one in the industrial gas world based on the number of molecules produced. So, how much hydrogen is produced in the world each year? Such a simple question, unfortunately, does not have quite such a simple answer.
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As already mentioned in several articles before, ‘Internet+’ has become the buzz word in China since Prime Minister Li Keqiang made the statement in his Government Work Report in March last year (2015). The sluggish China steel industry is already trying to look for the ‘magic pill’ in this idea of combining a traditional industry with the information technology (IT).
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Consisting of a single electron orbiting a single proton, hydrogen is the simplest element in the universe – but this simple element can release almost three-times more energy than natural gas. The fact that hydrogen fuel comes with zero carbon emissions (its only by-product is water and heat), has made it the focus of clean energy pioneers everywhere.
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Ray Borzio discusses gas applications related to the welding, cutting, and metal fabrication processes.
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This week's free feature
The hydrogen revolution is upon us…the momentum is building…the future is almost here. Statements such as these abound about the state of the much vaunted hydrogen economy and what it means for us all. But where are we really at with hydrogen-powered vehicles, and what will it take to firmly move the hydrogen economy from concept to reality?
US Industrial Gas Market Report 2014 Subscription
The recovery of the industrial gas business from 2012 through 2014 was strong, about six percent per year, driven by price and volume. The bright spots in the economy during this period included the manufacturing sector, a significant driver for the industrial gas industry.
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Specialty Gases – Going from Strength to Strength Subscription
The specialty gases business of 2015 continues to go from strength to strength, both in its make-up and its growth potential. Several pillars of growth increasingly drive specialty gas demand, while innovations in production processes, engineering, equipment, and distribution have transformed the specialty gas business throughout the decades.