Praxair Signs Long-Term U.S. Gulf Coast Hydrogen Supply Agreement with Marathon Petroleum Corporation
Praxair, Inc. (NYSE: PX) has signed a long-term contract to supply
hydrogen to Marathon Petroleum Corporation’s refinery in Garyville,
Louisiana. The company will use the hydrogen to support an
ultra-low-sulfur diesel project planned for 2018.
Marathon Petroleum is the third-largest transportation fuels refiner in
the U.S. and operates an integrated refining, marketing and
transportation system in the Midwest, East, Southeast and Gulf Coast.
The hydrogen will be supplied through Praxair’s extensive Southeast
Louisiana pipeline network.
“Garyville is home to Marathon Petroleum’s largest refinery, the third
largest by capacity in the U.S., and Praxair is proud to be supporting
their business in the Gulf Coast,” said Dan Yankowski, president of
Praxair’s global hydrogen business. “This type of opportunity to further
serve our customers in the region is why we expanded our presence in the
lower Mississippi River corridor several years ago.”
Praxair operates over 50 hydrogen production facilities and six hydrogen
pipeline systems worldwide. Globally, refinery and chemical customers
benefit from Praxair’s comprehensive portfolio of large-volume
industrial gases, cylinder gases and specialized technologies, services
and supply reliability.
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 2017
Source: Business Wire
(January 23, 2017 - 8:30 AM EST)
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