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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs