From Earlier: Praxair and Midrex Sign Strategic Alliance to Commercialize Technology to Produce DRI Using Alternate Fuels
Praxair, Inc. (NYSE: PX) and Midrex Technologies Inc. have signed an alliance agreement to develop and market new process technology for the production of direct reduced iron (DRI) with a variety of fuels such as coke oven gas. The new process uses an innovative partial oxidation technology to convert hydrocarbon fuels into high quality, high temperature syngas suitable for DRI production. Under this alliance, Midrex and Praxair will perform a demonstration of the new technology at Midrex's extensive DRI research facilities in Charlotte, NC later this year.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.