DANBURY, Conn., – January 16, 2018 – Praxair, Inc. (NYSE:PX) has expanded its long-term hydrogen supply agreement with Motiva Enterprises LLC. Under this new agreement, Praxair will increase the amount of hydrogen it supplies to Motiva’s approximately 600,000 barrel per day refinery in Port Arthur, Texas. Motiva completed a hydrocracker and diesel hydrotreater capacity expansion in 2016, and this agreement secures the additional hydrogen required to support that expansion, as well as the ongoing needs of the refinery.
Hydrogen is used by refiners to produce ultra-low sulfur diesel and other clean transportation fuels. Demand for these fuels continues to increase as companies comply with stricter environmental regulations and standards. Praxair began delivering hydrogen to the refinery in 1992 as one of the first customers on its gas hydrogen pipeline system. Since that time, Praxair’s system and capabilities have grown significantly and the refinery itself has undergone several expansions and it is now North America’s largest.
“Praxair is committed to being the preferred hydrogen provider in the Gulf Coast, and we are pleased to extend and expand our long-term agreement with Motiva,” said Dan Yankowski, Praxair’s president of Global Hydrogen. “Due to our record of safe and reliable supply, over many years we’ve enjoyed a mutually-beneficial commercial relationship with Motiva, and we look forward to continuing to meet the growing needs of their world-scale refinery.”
Praxair, Inc. is a leading industrial gas company in North and South America and one of the largest worldwide. With market capitalization of approximately $40 billion and 2016 sales of $11 billion, the company employs over 26,000 people globally and has been named to the Dow Jones® World Sustainability Index for 15 consecutive years. Praxair produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Our 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. For more information about the company, please visit our website at www.praxair.com.