By Stuart Radnedge2015-10-05T14:51:00+01:00
Praxair’s new ASU at the Liaoning Oxiranchem, Inc. (Oxiran) facility in Yangzhou Chemical Industrial Park, Jiangsu Province, China, has begun supplying industrial gases.
Praxair is the exclusive industrial gas supplier in the growing chemical park in east China, which has port access to the Yangtze River.
Through a long-term contract, the 600tpd plant will supply on-site, high-purity oxygen and nitrogen to Oxiran, a leading industrial company focused on the development and sale of ethylene oxide derivative (EOD) chemicals in China.
EOD chemicals are used in a variety of applications including the manufacturing of bottles and production of polyester fibers.
“Praxair China is proud to expand upon the strong relationship we have enjoyed with Oxiran for many years,” said John Panikar, President of Praxair Asia. “As the exclusive industrial gas supplier in the park, we look forward to supporting Oxiran’s growth and leadership position in China’s EOD market while also meeting the needs of a diverse set of customers throughout the region.”
The last three weeks has seen a flurry of announcements from Praxair as the company has invested in key projects in China, Europe, North and South America.
The proposed transaction also includes Praxair’s acquisition of Yara’s remaining 34% stake in the Yara Praxair Holding AS industrial gas joint venture in Scandinavia. The investment for both transactions is expected to be €312m.
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