Air Liquide to Build Texas Air-Separation Unit as Part of Pact With Exxon, Sabic
09 Julio 2019 - 11:34AM
Noticias Dow Jones
By Colin Kellaher
Air Liquide S.A. (AI.FR) on Tuesday said it will invest $140
million in a new air-separation unit and related infrastructure as
part of a long-term supply agreement with a joint venture of Exxon
Mobil Corp. (XOM) and Saudi Basic Industries Corp. (2010.SA), known
as Sabic.
The Paris industrial-gases producer said it will supply oxygen
and nitrogen to an ethane cracker facility planned near Corpus
Christi, Texas, by Gulf Coast Growth Ventures.
Exxon and Sabic last month said the venture would proceed with
the 1.8-million-metric-ton ethane steam cracker.
Air Liquide said it will build a new world-scale air-separation
unit in Bay City, Texas, to support the agreement, under which it
will supply 2,000 tons of oxygen and 900 tons of nitrogen a day to
the facility.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 09, 2019 12:19 ET (16:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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