By Rhea Healy2016-04-28T08:42:00+01:00
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.
Under the funding, the US corporation will add a new, purification train capable of producing 13 million standard cubic feet of CO per day. The modernisation also includes a CO cold box and various other upgrades, which are expected to be completed in the second half of 2018.
Dr. Samir Serhan, President of Global Hydrogen at the Connecticut-based business, underlined, “Our investment will result in increased supply for our customers throughout the region as we continue to see the growth of their own production capabilities. We are committed to serving this accelerating marketplace by expanding our network.”
The Geismar facility has been producing CO, hydrogen (H2) and other gas products required by local chemical and refining industries since the 1970s and in recent years, it has been integrated into the 90-mile H2 pipeline network which stretches along the Gulf Coast, from Baton Rouge to St. Charles.
The new investment in the site, which currently serves over a dozen customers ranging from world-scale refineries to biofuel companies, seeks to support the growing customer demand in the Mississippi River corridor.
Praxair is the largest industrial gases company in North and South America and achieved sales revenues of $11bn in 2015.
Praxair, Inc. has further fortified its position in the Eastern US carbon dioxide (CO2) market after signing a long-term contract to purchase by-product CO2 from leading industrial blasting products and services provider, US Nitrogen LLC.
Praxair, Inc. has recently consolidated its position in the carbon dioxide (CO2) market in the South East region of the US, by announcing a long-term contract with US Nitrogen LLC to purchase by-product CO2.
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