This Day On The Street
Continue to site
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 Starts Up Oxygen Supply To Pulp Mill In Uruguay

Praxair, Inc. (NYSE:PX) today announced the start-up of a new 125 tons per day non-cryogenic vacuum-pressure-swing-adsorption (VPSA) plant at the Montes del Plata pulp mill. Under a long-term contract, Praxair will supply gaseous oxygen to the mill located in Punta Pereira, Uruguay.

In response to growing environmental regulation, pulp mills are eliminating the use of chemicals in the bleaching process. Oxygen delignification reduces the use of chemicals in the plant resulting in operational cost savings, environmental benefits and enhanced yield in pulp production.

“Oxygen is a critical product in processes that help pulp and paper manufacturers increase productivity and improve environmental performance,” said Domingos Bulus, president of Praxair South America. “It is our mission to develop innovative applications technologies that produce environmental benefits and drive business growth. With this in mind, we have developed and implemented state-of-the-art applications to ensure the safe, efficient and reliable delivery of oxygen to the Montes del Plata plant.”

The pulp mill is operated by Montes del Plata, a joint venture between Arauco of Chile and Stora Enso of Finland and Sweden, and is the largest privately executed investment that has been made in Uruguay. More than $2 billion has been invested in the modern pulp mill, including its power generation unit based on renewable resources, making the mill self-sufficient. The mill is expected to produce 1.3 million tons of cellulose pulp a year for paper and cardboard manufacturing.

“At Montes del Plata we seek excellence in all that we do,” said Luis Maria Rodriguez, chief executive officer of Montes del Plata. “Praxair shares our commitment to excellence and we are happy to have them as a trusted global supplier.”

About Praxair

Praxair, Inc., a Fortune 250 company with 2013 sales of $12 billion, is the largest industrial gases company in North and South America and one of the largest worldwide. 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 many others. More information about Praxair, Inc. is available at

Copyright Business Wire 2010

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
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,811.50 +35.07 0.21%
S&P 500 1,980.87 -6.18 -0.31%
NASDAQ 4,744.6560 -36.6080 -0.77%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs