Praxair has started production at two new air separation plants to supply China National Offshore Oil Corporation (CNOOC) with oxygen and nitrogen.
With a daily capacity of 2,400t of oxygen each, the two facilities will support CNOOC’s refinery expansion and downstream chemical production.
With the addition of these two plants, Praxair is currently operating a 5,600t per-day production complex in China comprising four air separation units. These meet the requirements of nine customers in the Huizhou Daya Bay Chemical Industrial Park, located in Huizhou, Guangdong, China.
Praxair China president Will Li said: “This project not only expands our relationship with CNOOC, but also enables us to build density and increase supply reliability to all of our valued customers in the park and throughout southern China.
“Praxair is driving further profitable growth through disciplined investment in select projects such as this one.”
“Praxair is driving further profitable growth through disciplined investment in select projects such as this one, and we look forward to building on our momentum in the region.” Last week, Praxair signed a long-term agreement to supply oxygen to US Methanol’s new plant in West Virginia. The facility will produce methanol, which is used to produce plastics, varnishes, medicines, adhesives and textiles.
Praxair will construct a vacuum pressure swing adsorption facility, which is expected to commence in 2019.
The company is one of the leading industrial gas firms in North and South America, with a market capitalisation of nearly $40bn. It reported sales of $11bn in the financial year ending 2017, and has more than 26,000 employees across its global operations.
In addition, Praxair produces and sells atmospheric, process and speciality gases, and high-performance surface coatings.