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Praxair Inc Enters into Industrial Gas Joint Venture with KuibyshevAzot in Central Russia


Tuesday, 2 Jul 2013 05:00pm EDT 

Praxair Inc announced that it has entered into a definitive agreement to form a joint venture with OJSC KuibyshevAzot, in central Russia`s Samara region, to produce and sell industrial gases. The joint venture will produce on-site oxygen, nitrogen and compressed dry air for KuibyshevAzot`s expanding caprolactam, fertilizer and ammonia production, as well as liquid oxygen, nitrogen and argon for sale to customers in the Volga region. Praxair and KuibyshevAzot will construct a new, energy-efficient air separation unit that will produce 1,400 tons per day of oxygen, nitrogen and argon and is scheduled to start-up mid-2016. The joint venture will also own and operate KuibyshevAzot`s existing air separation unit, which produces 2,000 tons per day of oxygen, nitrogen and argon. The merchant liquid supply will support the surrounding industrial region, including energy, automotive and other manufacturing customers. This is Praxair`s fifth on-site project in Russia and third in the Volga region. 

Company Quote

133.52
0.06 +0.05%
19 Sep 2014