DANBURY, Conn., January 15, 2010 — Praxair, Inc. (NYSE: PX) has finalized an agreement with Valero Refining Company to supply oxygen and nitrogen to Valero's Memphis, Tenn., refinery connected to Praxair’s pipeline system. As part of the agreement, Praxair will build a new air separation plant with a capacity of 450 tons per day. In addition, Praxair will build two new six-mile pipelines for the supply of oxygen and nitrogen to Valero’s Memphis refinery.
"The Valero agreement confirms Praxair's commitment to unmatched reliability and system capability for the economic future of the Memphis area," said Ted Trumpp, vice president, East Region, for Praxair's North American Industrial Gases business unit.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2008 sales of $10.8 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair is a recognized leader in the commercialization of new technologies that bring productivity and environmental benefits to a diverse group of industries, including aerospace, chemicals, electronics, energy, food and beverage, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.