Praxair/Air Liquide Joint Venture Signs New Hydrogen and Carbon Monoxide Contracts in Shanghai.
DANBURY, Conn.--(BUSINESS WIRE)--Nov. 21, 2003
Shanghai Chemical Industry Park Industrial Gases Company (SCIPIG), a 50-50 joint venture between Praxair, Inc. (NYSE NYSE
See: New York Stock Exchange :PX) and Air Liquide, two leading global suppliers of industrial gas, today announced the signing of two major industrial gas pipeline supply contracts with Shanghai Lianheng Isocyanate i·so·cy·a·nate
Any of a family of nitrogenous chemicals that are used in industry and can cause respiratory disorders, especially asthma, if inhaled. Company Limited (SLIC SLIC Subscriber Line Interface Circuit
SLIC Scottish Library and Information Council
SLIC System Licensed Internal Code
SLIC Subscriber Line Interface Card
SLIC Session Layer Interface Card (Alacritech, Inc. ) and Shanghai BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California)
BASF Badische Anilin und Soda Fabrik (German chemical products company)
BASF Builders Association of South Florida Polyurethane Company Limited (SBPC SBPC Sociedade Brasileira para o Progresso da Ciência (Portugese: Brazilian Society for the Progress of Science)
SBPC Sociedade Brasileira de Patologia Clínica (Portugese: Brazilian Society of Clinical Pathology) ) respectively.
Under the contracts, SCIPIG will supply hydrogen and carbon monoxide carbon monoxide, chemical compound, CO, a colorless, odorless, tasteless, extremely poisonous gas that is less dense than air under ordinary conditions. It is very slightly soluble in water and burns in air with a characteristic blue flame, producing carbon dioxide; from its HYCO facility to the chemical plants of SLIC and SBPC.
SLIC is a joint venture among Huntsman, BASF, Shanghai Hua Yi Group, Shanghai Chlor-Alkali Chemical Co., Ltd. and the Shanghai Gaoqiao Petrochemical Company. SBPC is a joint venture among BASF, Shanghai Hua Yi Group and the Shanghai Gaoqiao Petrochemical Company. Both contracts are expected to begin in the first half of 2006.
These contracts add to the list of achievements for the newly formed SCIPIG. With a total investment of $100 million, SCIPIG broke ground in August at the Shanghai Chemical Industry Park at Caojing to provide customers in the park with a stable and reliable supply of industrial gases. Prior to the groundbreaking, the company had already been awarded major contracts by BASF and Shanghai SECCO sec·co
n. pl. sec·cos
The art or an example of painting on dry plaster.
Of or being a kind of recitative in which the words are sung rapidly to minimal accompaniment, usually just continuo. Petrochemical.
Minda Ho, chairman of SCIPIG, said: "Signing these contracts with SLIC and SBPC further strengthens our position as the key industrial gas supplier to chemical companies in the park. It represents another vote of confidence by our customers in SCIPIG's ability to contribute to their growth in China."
Michael Douglas, president of Praxair Asia, said: "These new wins allow Praxair to continue its commitment to the development of the chemical industry in China through the injection of financial and human resources, as well as technical know-how."
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2002 sales of $5.1 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technology bring productivity and environmental benefits to a wide variety of industries, including aerospace, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , healthcare, semiconductor materials, steel, chemicals and refining, metal fabrication, water treatment, glass and others. For more information, please visit Praxair on the Internet at www.praxair.com.