Praxair, Inc. (NYSE:PX) has announced that it will begin supplying oxygen and nitrogen to Valero’s Memphis, Tennessee refinery. The company will also build a new air separation plant, as part of the agreement, which will have a capacity for 450 tons per day. The company will also build tow new pipelines six miles long to supply the oxygen and nitrogen to Valero’s refinery. Praxair’s North American Industrial Gases business unit Vice President Ted Trumpp has stated that the agreement confirms the company’s commitment to the reliability and system capability for the Memphis economic future.
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Praxair, Inc. (Praxair) is an industrial gas supplier in North and South America. Praxair's primary products for its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The Company also designs, engineers, and builds equipment that produces industrial gases for internal use and external sale. Its surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. Praxair serves approximately 25 industries, such as healthcare and petroleum refining; computer-chip manufacturing and beverage carbonation; fiber-optics and steel making, and aerospace, chemicals and water treatment. In July 2009, Praxair's subsidiary, Praxair Surface Technologies, Inc., acquired Sermatech International Holdings Corp. from Arsenal Capital Partners.
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