Praxair has finalised an agreement with Valero Refining Company, to supply oxygen and nitrogen to Valero's Memphis, Tennessee, US, refinery, connected to Praxair’s pipeline system.

As part of the agreement, Praxair will build a new air separation plant with a capacity of 450 tons per day.

In addition, Praxair will build two new six-mile pipelines for the supply of oxygen and nitrogen to Valero’s Memphis refinery.

$quot;The Valero agreement confirms Praxair's commitment to unmatched reliability and system capability for the economic future of the Memphis area,$quot; said Ted Trumpp, Vice President of the East Region, for Praxair's North American Industrial Gases business unit.