This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Praxair Expands Hydrogen Supply With Gulf Coast Start-Up

Praxair, Inc. (NYSE: PX), today announced the start-up of its state-of-the-art, 135 million standard cubic feet per day (scfd) hydrogen plant serving the Valero refinery Port Arthur, Texas and other customers.

The new plant houses the largest Steam Methane Reformer (SMR) Praxair has built to date to supply hydrogen and up to 450,000 pounds per hour of steam to Valero’s new 57,000 barrels-per-day hydrocracker. Hydrocrackers are used to break down hydrocarbon molecules in heavier crude oil to produce premium transportation fuels, such as gasoline, diesel, and jet fuels, that burn cleaner and are in strong demand globally. The process produces 1.2 barrels of high-value, low-sulfur products for each barrel of high-sulfur feedstock.

The new Port Arthur SMR is connected to Praxair’s existing 750 million scfd Gulf Coast pipeline network. The network includes a unique 2.5 billion scf high-purity hydrogen storage cavern that provides additional supply reliability for Praxair customers along the pipeline. The U.S. Gulf Coast is the largest oil refining and petrochemical producing region in the world.

“This project represents a significant investment in hydrogen supply for Praxair’s customers along the Gulf Coast,” said Mike Jordan, vice president, U.S. Hydrogen. “And with the completion of a similar plant with pipeline expansion in Louisiana this year, we will enhance competitive supply options for the lower Mississippi River corridor as well.”

Praxair operates more than 50 hydrogen production facilities and seven hydrogen pipeline systems globally. Refinery customers worldwide benefit from Praxair’s complete portfolio of large-volume industrial gases, cylinder gases and specialized refinery technologies and services.

About Praxair

Praxair, Inc. is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2012 sales of $11 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair 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, metals and others. More information about Praxair, Inc. is available at www.praxair.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs