Praxair Signs Long-Term Supply Agreement and Builds Presence in Petrochemical Park in China
Jul 17, 2014 UncategorizedComments Off on Praxair Signs Long-Term Supply Agreement and Builds Presence in Petrochemical Park in China
SHANGHAI, July 17, 2014 /PRNewswire/ — Praxair, Inc. (NYSE: PX), through a subsidiary, has signed a long-term contract to supply industrial gases to Nanjing Jinling Huntsman New Materials Co., Ltd., a joint venture between SINOPEC Jinling and Huntsman. Jinling Huntsman will use the gases to help build a state-of-the-art propylene oxide (PO) and methyl tertiary butyl ether (MTBE) plant located in Nanjing, East China. PO is a high-quality intermediate compound used to make polyurethane materials and MTBE is a clean fuel additive.