Praxair China sets up joint venture with Sinopec

Praxair, Inc. announced that its wholly-owned subsidiary, Praxair (China) Investment Co., Ltd., has set up a joint venture in Guangzhou, southern China, with China Petroleum and Chemical Corp. (Sinopec). The joint venture, Praxair-GPC Industrial Gases Co. Ltd., will produce, sell and distribute industrial gases such as oxygen, nitrogen and argon for a wide range of industrial applications. It will also meet the demands of Sinopec Guangzhou Co. for a quality, reliable nitrogen supply. President of Praxair China David Chow said that the venture is their demonstration of commitment to the China market. (May 4, 2009)