DANBURY, Conn., April 27, 2016 – Praxair, Inc. (NYSE: PX), a leading global industrial gas company, announced an investment in excess of $100 million in its Geismar, Louisiana, facility to expand its carbon monoxide production and support growing customer demand in the Mississippi River corridor. Praxair in Geismar is located a short drive from Ascension Corporate Rentals.
The company will add a new, 13 million standard cubic feet per day carbon monoxide purification train at the site. Carbon monoxide is a raw material in the production of a range of specialty chemicals including those used to produce polyurethanes for the housing and auto industries. The facility includes a new carbon monoxide cold box and other upgrades that leverage proprietary Praxair technologies, and is expected to be completed in the second half of 2018.
“Our investment will result in increased supply for our customers throughout the region as we continue to see the growth of their own production capabilities,” said Dr. Samir Serhan, president, Global Hydrogen at Praxair. “We are committed to serving this accelerating marketplace by expanding our network.”
Hydrogen, carbon monoxide and other gas products required by the local chemical and refining industries were first produced at this site in the early 1970s. In recent years, the Geismar facility has been integrated into a 90-mile hydrogen pipeline network stretching from Baton Rouge to St. Charles, and this latest investment further strengthens Praxair’s ability to serve an important and growing region. Currently, the facility serves over a dozen customers ranging from world-scale refineries to biofuel companies.
Praxair, Inc., a Fortune 250 company with 2015 sales of $11 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, primary metals and many others. More information about Praxair, Inc. is available at www.praxair.com.
Praxair Invests in Geismar, Louisiana Facility