Praxair Expands Hydrogen Supply to Motiva Port Arthur, Texas Refinery
DANBURY, Conn.–(BUSINESS WIRE)–$PX #PraxairInc—Praxair,
Inc. (NYSE:PX) has expanded its long-term hydrogen supply agreement
with Motiva Enterprises LLC. Under this new agreement, Praxair will
increase the amount of hydrogen it supplies to Motiva’s approximately
600,000 barrel per day refinery in Port Arthur, Texas. Motiva completed
a hydrocracker and diesel hydrotreater capacity expansion in 2016, and
this agreement secures the additional hydrogen required to support that
expansion, as well as the ongoing needs of the refinery.
Hydrogen is used by refiners to produce ultra-low sulfur diesel and
other clean transportation fuels. Demand for these fuels continues to
increase as companies comply with stricter environmental regulations and
standards. Praxair began delivering hydrogen to the refinery in 1992 as
one of the first customers on its gas hydrogen pipeline system. Since
that time, Praxair’s system and capabilities have grown significantly
and the refinery itself has undergone several expansions and it is now
North America’s largest.
“Praxair is committed to being the preferred hydrogen provider in the
Gulf Coast, and we are pleased to extend and expand our long-term
agreement with Motiva,” said Dan Yankowski, Praxair’s president of
Global Hydrogen. “Due to our record of safe and reliable supply, over
many years we’ve enjoyed a mutually-beneficial commercial relationship
with Motiva, and we look forward to continuing to meet the growing needs
of their world-scale refinery.”
About Praxair
Praxair, Inc. is a leading industrial gas company in North and South
America and one of the largest worldwide.
With market capitalization of approximately $40 billion and 2016 sales
of $11 billion, the company employs over 26,000 people globally and has
been named to the Dow Jones® World Sustainability Index for 15
consecutive years. Praxair produces, sells and distributes atmospheric,
process and specialty gases,
and high-performance surface
coatings. Our products, services
and technologies are making our planet more productive by
bringing efficiency and environmental benefits to a wide variety of industries,
including aerospace,
chemicals,
food
and beverage, electronics,
energy,
healthcare,
manufacturing, primary metals
and many others. For more information about the company, please visit
our website at www.praxair.com.
Contacts
Praxair, Inc.
Media: Jason Stewart, (203) 837-2448, [email protected]
Investor:
Juan Pelaez, (203) 837-2213, [email protected]