Praxair, Inc. (NYSE:PX), through its subsidiary Shanghai Chemical Industry Park Industrial Gases Company (SCIPIG), was recently awarded a 15-year industrial gases supply contract from Shanghai SECCO Petrochemical Co., Ltd (SECCO).
Under terms of the agreement, SCIPIG will supply large volumes of pure oxygen to SECCO, located in Shanghai Chemical Industry Park (SCIP), for its sulfuric acid regeneration unit. The pure oxygen will increase the capacity of the unit, significantly reduce its emissions and improve its overall production efficiency.
SCIPIG will construct a new air separation unit (ASU), with a capacity of 900 tons per day of oxygen, as well as an integrated liquefier. The ASU is expected to start up in 2015. Additionally, SCIPIG will extend its pipeline network in the chemical industry park.
This agreement further strengthens the company’s supply capability and presence in SCIP, expanding its ability to meet the new industrial gas requirements of SECCO and other customers in the chemical industry park.“SCIPIG has developed and grown significantly since its founding in 2001 and this agreement is the latest example of the company’s success and strong customer relationships," said Dr. Minda Ho, president of Praxair China and chairman of SCIPIG. "We are pleased to be building this new ASU for SECCO, enabling SCIPIG to continue to offer high-quality products and services to this and other customers in SCIP." About SCIPIG SCIPIG is a joint venture between Praxair, Inc. and Air Liquide, two global suppliers of industrial gases. The company provides a wide range of products and services to its customers including nitrogen, oxygen, compressed air, carbon monoxide, hydrogen and steam and has partnered with Shanghai Chemical Industrial Park since SCIPIG’s establishment in 2001. With production capacity of more than 200,000 cubic meters per hour of various industrial gases, SCIPIG ranks as one of the largest industrial gas production bases in China and Asia.