Praxair’s largest investment in China comes after the company signed a long term agreement with Shanghai Huayi to supply oxygen and other industrial gas to the latter’s new chemical material facility.
Connecticut/USA – Praxair, a wholly-owned subsidiary of Linde has announced that it will supply oxygen and other industrial gases to Shanghai Huayi, one of the largest chemical companies in China, at its new complex in Qinzhou, China. The complex will manufacture methanol, acetic acid and other chemicals.
Praxair will build, own and operate three air separation units that will supply up to 7,500 tonnes per day (TPD) of oxygen and 5,000 TPD of nitrogen to the site. The new plants will start up in the second half of 2020 and the complex is expected to be Praxair’s largest investment in China to-date.
Shanghai Huayi has a strong presence in east China and will expand into the southern part of the country with the Qinzhou facility. The expansion will help meet growing demand, as China continues to consume the majority of the world’s methanol production.