BOC Commissions Latest U.S. Hydrogen Plant Near CITGO Illinois Refinery; Helps CITGO Meet EPA Clean Air/Clean Fuels Objectives.Business Editors MURRAY HILL Murray Hill may refer to one of the following places:
BOC (Bell Operating Company) One of 22 companies that was formerly part of AT&T and later organized into seven regional companies. See RBOC. (NYSE NYSE See: New York Stock Exchange :BOX), one of the leading suppliers of hydrogen and other industrial gases to the global refining industry, has commissioned its latest on-site hydrogen plant in the U.S., which will help CITGO Petroleum Corporation's Lemont, Illinois Lemont is a village in Cook County, with sections in Will County , and DuPage County Illinois , United States. The population was 13,098 at the 2000 census. History , refinery produce cleaner burning fuels. During the past few years, BOC has begun work on five continents to build more than a dozen hydrogen plants and has increased its total hydrogen production to the global refining industry by more than 35 percent in the past year alone. Alan Iantosca, global vice president, BOC Process Gas Solutions, said, "BOC is committed to helping its customers address their operating challenges with integrated solutions. Today, oil companies around the world are being challenged to produce cleaner-burning fuels while remaining competitive in the marketplace. A safe and highly reliable hydrogen supply is critical to accomplishing this goal. At Lemont, BOC will own and operate a hydrogen plant that will enable CITGO to produce gasoline that meets or exceeds the standard set by the Environmental Protection Agency's Tier 2 clean fuels regulation." In addition to the hydrogen plant, BOC recently commissioned an oxygen supply system at the Lemont facility. The oxygen is used in CITGO's Claus sulfur recovery unit to convert hydrogen sulfide hydrogen sulfide, chemical compound, H2S, a colorless, extremely poisonous gas that has a very disagreeable odor, much like that of rotten eggs. It is slightly soluble in water and is soluble in carbon disulfide. to sulfur, which decreases the sulfur dioxide emissions from CITGO's automotive fuel products. BOC also is a strategic hydrogen supplier to CITGO's parent company, Petroleos de Venezuela, S.A., (PDVSA PDVSA Petroleos De Venezuela, SA ), the national oil company of the Bolivarian Republic of Venezuela. "CITGO and PDVSA are major customers for BOC," said Iantosca. "The Illinois and Venezuela investments underscore our commitment to establish and develop long-term customer relationships that help our customers become even more competitive." As a strategic supplier to the refining industry, BOC's Process Gas Solutions line of business delivers high-quality hydrogen, nitrogen and oxygen for upstream and downstream needs, along with a variety of technologies to reduce costs while improving efficiency and environmental performance. CITGO, based in Tulsa, Okla., is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals, refined waxes, asphalt and other industrial products. The company is owned by PDV PDV Petroleos de Venezuela (Oil company) PDV Productschap Diervoeder (Product Board Animal Feed, Netherlands) PDV Prozessdatenverarbeitung PDV Prune Dwarf Virus PDV Portal-Drained Viscera America, Inc., an indirect wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Petroleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela. The BOC Group (NYSE:BOX), the worldwide industrial gases, vacuum technologies and distribution services company, serves two million customers in more than 50 countries. It employs 46,000 people and had annual sales of over $7 billion in 2003. Further information about The BOC Group may be obtained on the Internet at http://www.boc.com |
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