Praxair to Expand Carbon Dioxide Capacity in Q3 1999.DANBURY, Conn.--(BUSINESS WIRE)--August 3, 1998--Praxair, Inc. (NYSE NYSE See: New York Stock Exchange :PX) today announced plans to supply an additional 500 tons per day (450 metric tonnes per day) of carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. to customers in the mid-Atlantic region of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. beginning in the third quarter of 1999 to meet growing demand. Under a long-term agreement with Philpower Corporation, Praxair will purchase carbon dioxide produced as a by-product by·prod·uct or by-prod·uct n. 1. Something produced in the making of something else. 2. A secondary result; a side effect. by-product Noun 1. from a cogeneration plant under construction in New Castle, Del. Terms of the agreement with Philpower were not disclosed. Carbon dioxide is used in the food industry for chilling, freezing and packaging and in the beverage industry to put the fizz in soft drinks. It has become an increasingly important environmental component in the treatment of industrial wastewater and as a replacement for sulfuric acid sulfuric acid, chemical compound, H2SO4, colorless, odorless, extremely corrosive, oily liquid. It is sometimes called oil of vitriol. Concentrated Sulfuric Acid to control pH levels in alkaline waters found in the pulp and paper, food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. , chemical processing, and municipal waste treatment industries. Praxair owns and operates 28carbon dioxide production and purification facilities in the U.S. and Canada and has several long-term contracts for the wholesale purchase of recovered carbon dioxide, similar to the agreement with Philpower. Philpower Corporation, headquartered in Wayne, Pa., uses waste woods and other biomass fuels to produce clean electric power and thermal energy thermal energy Internal energy of a system in thermodynamic equilibrium (see thermodynamics) by virtue of its temperature. A hot body has more thermal energy than a similar cold body, but a large tub of cold water may have more thermal energy than a cup of boiling . The power company has a long-term Purchase Power Agreement with Delmarva Power and Light Company, and has been granted Public Utility Status by the state of Delaware at its New Castle facility. Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 1997 sales of more than US$4.7 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair is a recognized leader in the commercialization of new technologies that bring productivity and environmental benefits to a diverse group of industries. For more information, visit Praxair on the Internet at www.praxair.com.
CONTACT: Praxair, Inc.
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Eric Jones
(203) 837-2705
eric_jones@praxair.com
or
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Joe Cappello
(203) 837-2073
joe_cappello@praxair.com
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