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TEXACO AND UNION CARBIDE INDUSTRIAL GASES ESTABLISH JOINT VENTURE TO DEVELOP AND OPERATE HYDROGEN PLANTS FOR REFINERY NEEDS

TEXACO AND UNION CARBIDE INDUSTRIAL GASES ESTABLISH JOINT VENTURE TO
 DEVELOP AND OPERATE HYDROGEN PLANTS FOR REFINERY NEEDS
 WHITE PLAINS, N.Y., March 20 /PRNewswire/ -- Texaco Inc. (NYSE: TX) and Union Carbide Industrial Gases Inc. (UCIG) announced today the formation of a joint venture to develop and operate high-purity hydrogen production facilities. The joint venture, called HydroGEN(TM) Supply Company, is owned jointly by Texaco Hydrogen Inc., a wholly owned subsidiary of Texaco Inc., and UCIG Hydrogen Services Inc., a wholly owned subsidiary of UCIG.
 The hydrogen production facilities built by HydroGEN will combine Texaco's unique HyTEX(TM) technology for hydrogen production with UCIG's leading edge
position in cryogenic and advanced air separation technology. HydroGEN will meet demands of refiners and other industries for high-purity hydrogen in a cost-competitive, safe and reliable manner.
 "We are excited about this new joint venture with UCIG," said David C. Crikelair, vice president of Texaco Inc. and head of Texaco's Alternate Energy and Resources Department. "The combination of Texaco's HyTEX process and our position in the petroleum industry, coupled with UCIG's leadership in the industrial gas business, allows HydroGEN to bring this superior hydrogen generation technology to market in time to meet the growing domestic and worldwide demand."
 Domestic demand for hydrogen is expected to increase dramatically over the next decade, while the existing refinery hydrogen supply is expected to drop. The Clean Air Act amendments of 1990 require refiners to lower aromatics in gasoline, resulting in less hydrogen recovered by refiners from catalytic reforming units. Meanwhile, requirements to reduce sulfur in diesel fuel will require additional hydrogen capacity. According to Texaco estimates, new hydrogen demand by U.S. refiners could exceed four billion standard cubic feet per day over the next ten years.
 "HydroGEN Supply Company will offer customers high-purity hydrogen in time to meet their demands, at a cost-competitive price and in a way that is environmentally superior to competing hydrogen generation processes," said William J. Koepplin, vice president of UCIG. "We fully expect HydroGEN Supply Company to be a leader in the hydrogen production business."
 HydroGEN Supply Company is already in negotiations with a number of refiners to develop HyTEX projects to meet their hydrogen needs.
 The HyTEX process, developed by Texaco's Alternate Energy group, generates high-purity hydrogen from natural gas and refinery off-gas streams in an efficient and environmentally superior manner. HyTEX, which utilizes the Texaco Gasification Process, offers a number of advantages over conventional hydrogen generating technologies, including capital cost reductions, high reliability, and feedstock and operating pressure flexibility. In addition, due to the unique HyTEX design, nitrogen oxide (NOx) emissions are far lower than traditional methods of hydrogen production. Carbon dioxide (CO2) emissions are also reduced due to the efficiency of the HyTEX process.
 The HyTEX process uses oxygen to convert the feedstock to high- purity hydrogen. The integration of UCIG's air separation technology to produce oxygen for the HyTEX process will reduce operating costs and improve
efficiency. This includes UCIG's technology in the fields of turbomachinery, structured packing and process design integration.
 Texaco's Alternate Energy group directs an initiative to commercialize and license a number of technologies, including the Texaco Gasification Process. The Texaco Gasification Process is unique because of its ability to utilize different feedstocks, including coal, heavy oil, petroleum coke, waste gas and other hydrocarbons. A clean-burning synthesis gas is produced for use in the petroleum industry, chemical manufacturing and electrical power generation. Texaco has issued licenses for its gasification technology to more than 100 plants around the world.
 Union Carbide Industrial Gases Inc. ranks as the largest industrial gas company in North and South America and one of the three largest in the world. UCIG's 85 years of industrial gases experience and its engineering and operations know-how have set the industry standard in this field.
 -0- 3/20/92
 /CONTACT: (Editorial), Chris Gidez of Texaco, 914-253-6170, or Joan Goldbeck of Union Carbide Industrial Gases, 203-794-5560; (Customer), Martin Considine of Texaco, 914-253-4294, or Ron Grader of Union Carbide Industrial Gases, 716-879-7120/
 (TX UK) CO: Texaco Inc.; Union Carbide Industrial Gases Inc. ST: New York, Connecticut IN: OIL SU: JVN


SH -- NY010 -- 0017 03/20/92 10:20 EST
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Publication:PR Newswire
Date:Mar 20, 1992
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