(Archived) SCIPIG Awarded Long-Term Gas Supply Contract by SECCO
DANBURY, Conn., March 17, 2014 – Praxair, Inc. (NYSE: PX), through its subsidiary Shanghai Chemical Industry Park Industrial Gases Company (SCIPIG), was recently awarded a 15-year industrial gases supply contract from Shanghai SECCO Petrochemical Co., Ltd (SECCO).
Under terms of the agreement, SCIPIG will supply large volumes of pure oxygen to SECCO, located in Shanghai Chemical Industry Park (SCIP), for its sulfuric acid regeneration unit. The pure oxygen will increase the capacity of the unit, significantly reduce its emissions and improve its overall production efficiency.
SCIPIG will construct a new air separation unit (ASU), with a capacity of 900 tons per day of oxygen, as well as an integrated liquefier. The ASU is expected to start up in 2015. Additionally, SCIPIG will extend its pipeline network in the chemical industry park.
This agreement further strengthens the company’s supply capability and presence in SCIP, expanding its ability to meet the new industrial gas requirements of SECCO and other customers in the chemical industry park.
“SCIPIG has developed and grown significantly since its founding in 2001 and this agreement is the latest example of the company’s success and strong customer relationships," said Dr. Minda Ho, president of Praxair China and chairman of SCIPIG. "We are pleased to be building this new ASU for SECCO, enabling SCIPIG to continue to offer high-quality products and services to this and other customers in SCIP."
SCIPIG is a joint venture between Praxair, Inc. and Air Liquide, two global suppliers of industrial gases. The company provides a wide range of products and services to its customers including nitrogen, oxygen, compressed air, carbon monoxide, hydrogen and steam and has partnered with Shanghai Chemical Industrial Park since SCIPIG’s establishment in 2001. With production capacity of more than 200,000 cubic meters per hour of various industrial gases, SCIPIG ranks as one of the largest industrial gas production bases in China and Asia.
Praxair, Inc., a Fortune 250 company with 2013 sales of $12 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, metals and many others. More information about Praxair, Inc. is available at www.praxair.com.