Market Overview

Praxair Starts Up New Air Separation Plants in Southern China Petrochemical Park


(NYSE:PX) announced it has started up two new air separation
plants to supply China National Offshore Oil Corporation (CNOOC), a
Fortune Global 100 company and one of the largest in China. The two
plants, each with 2,400-tons-per-day of oxygen capacity, are supplying
on-site oxygen and nitrogen to CNOOC to support the company's refinery
expansion and related downstream chemical production.

With the start-up of the two new plants, Praxair is now operating a
5,600-ton-per-day production complex, made up of four air separation
units. These units are serving a total of nine customers in the Huizhou
Daya Bay Chemical Industrial Park, located in Huizhou, Guangdong, China,
including the CNOOC and Shell petrochemical complex.

"This project not only expands our relationship with CNOOC, but also
enables us to build density and increase supply reliability to all of
our valued customers in the park and throughout southern China," said
Will Li, president of Praxair China. "Praxair is driving further
profitable growth through disciplined investment in select projects such
as this one, and we look forward to building on our momentum in the

About Praxair

Praxair, Inc. is a leading industrial gas company in North and South
America and one of the largest worldwide.
With market capitalization of approximately $40 billion and 2017 sales
of $11 billion, the company employs over 26,000 people globally and has
been named to the Dow Jones® World Sustainability Index for 15
consecutive years. Praxair produces, sells and distributes atmospheric,
process and specialty gases,
and high-performance surface
. Our products, services
and technologies are making our planet more productive by
bringing efficiency and environmental benefits to a wide variety of industries,
including aerospace,
and beverage
, electronics,
manufacturing, primary metals
and many others. For more information about the company, please visit
our website at

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