Praxair, Inc. (NYSE:PX) announced today that it has signed a long-term
agreement for the purchase of liquid helium from Polskie Górnictwo
Naftowe i Gazownictwo SA (PGNiG), a leader in the Polish natural gas
market, as well as the only producer of helium in Central Europe.
PGNiG owns and operates a helium production facility located in Poland
that extracts and refines helium from gas produced by its domestic
natural gas fields. The company has been consistently producing helium
from this plant for supply to the global market since the late 1970’s.
“Through this agreement, Praxair gains a high-quality, proven source
that enhances the efficiency and reliability of our helium supply into
Europe,” said Amer Akhras, general manager of Praxair’s Global Helium
business.
PGNiG Managing Director, Tomasz Jaskolski, said, "We are very pleased to
have reached this agreement with Praxair, a leader in the global helium
industry.”
Praxair’s leadership in the helium industry dates back to its
development of the first plant for extracting helium from natural gas in
1917. Today, Praxair is a fully-integrated and global leader in the
production and distribution of industrial grade helium, with numerous
operations throughout the world. Helium is used in many applications,
including magnetic resonance imaging (MRI), fiber optics and
semiconductor manufacturing, breathing atmospheres, balloons and leak
detection.
About Praxair
Praxair, Inc., a Fortune 300 company with 2015 sales of $11 billion, is
a leading industrial gas 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.
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Copyright Business Wire 2016
Source: Business Wire
(July 12, 2016 - 9:00 AM EDT)
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