MATHESON has entered into an agreement with Lotte Chemical’s subsidiary, Lotte Chemical Louisiana LLC, to supply tonnage oxygen and nitrogen to its world-scale monoethylene glycol (MEG) plant in Louisiana.
The new MEG plant is part of Lotte Chemicals’ $3bn investment in Lake Charles, Louisiana.
For MATHESON, the resulting ASU will become its fourth in the Lake Charles region in the span of just four years, as President and CEO Scott Kallman explained, “The installations will be MATHESON’s third and fourth new large scale ASUs constructed in the Lake Charles area in the span of four years and reinforces Lake Charles as the anchor of our southern US coast-to-coast atmospheric gas network.”
Kallman added that the investment not only significantly enhances the reliability of supply for its Lake Charles pipeline complex customers, but also further expands MATHESON’s argon capacity to support sales to direct customers and independent distributors.
MATHESON Senior Vice-President, Nigel McMullen, further commented, “We are quite pleased to have been chosen by Lotte Chemical for this project based on the value created by our innovative supply solution and are committed to a long-term relationship not only with Lotte Chemical but our current customer base in the area.”
“The ASU and pipeline will be built, owned and operated by MATHESON,” he continued, “and we will employ the advanced cryogenic distillation technology and fabrication facilities of MATHESON’s parent company, Taiyo Nippon Sanso Corporation in Japan. These ASUs are the next instalment of the newest and most efficient ASU fleet in this region of the US.”