Praxair partners with BASF to build new Geismar facility
Praxair will design, build, own, and operate a new syngas processing plant at BASF's facility in Geismar after the industrial gas company signed a long-term agreement with BASF. The plan will start up in 2020. The new facility will produce high-purity carbon monoxide and hydrogen from crude synthesis gas.
“I am very pleased to announce this new value-creating project in Geismar as we continue to expand our operations in the U.S. Gulf Coast,” said Dan Yankowski, president of Global Hydrogen at Praxair. “We understand the important role that this new plant will play in BASF’s growth and are committed to supporting that success by reliably supplying their operations over the long term.”
This new project brings Praxair's total investment in the Geismar area to about $250 million, after the company announced an earlier investment in April. These projects, including pipeline expansions, represent the company's ongoing commitment to support growing consumer demand and increasing supply in the Mississippi River corridor.
Praxair is one of the largest industrial gas companies in the world. The corporation operates in North and South America, employing over 26,000 people globally. Praxair produces, sells, and distributes gases and high-performance surface coatings.
Follow Halen on Twitter: @LikeVanHalen