IHS Chemical Week
INDUSTRIAL GASES

Praxair meets estimates, but 2015 outlook disappoints

11:36 AM MST | January 28, 2015 | Rebecca Coons

Praxair fourth-quarter earnings dropped on weakness outside of North America and the negative currency effects, and the company’s outlook for 2015 fell below expectations. Praxair reports net income of $302 million, down 36.3% year-on-year (YOY), on...


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Linde starts up air separation unit in Arkansas

Linde has started up a 470-m.t./day air separation plant at Lewisville, AR. The plant produces liquid nitrogen and oxygen, and it was built to meet rapidly growing customer demand in Arkansas, Louisiana, Texas, and Oklahoma, Linde says. Gases produced at the...

Matheson to build ASU to supply gases for Sasol’s ethane cracker in Louisiana

Matheson (Basking Ridge, NJ), a subsidiary of industrial gases company Taiyo Nippon Sanso (Tokyo), says that it has entered into an agreement with Sasol to supply tonnage oxygen and nitrogen to Sasol’s world-scale ethane cracker, which is part of...

Linde to upgrade two air separation units

Linde has begun the process for a major overhaul of two air separation units (ASUs) in North America after renewing long-term contracts with tonnage customers.  Linde says it has completed a ASU "relife" at Trail, BC, an extensive upgrade that...

Praxair to shift exchange rate for Venezuela operations

Praxair says it is changing its exchange rate to line up with the Sicad II rate of 50 bolivars to the dollar rather than government's official exchange rate of 6.3 bolivars to the dollar. Sicad II is a currency trading system set up by the Venezuelan...

Air Liquide acquires home health-care provider in Germany

Air Liquide has acquired a 65% stake in Optimal Medical Therapies (OMT; Frittlingen Germany), a home infusion provider, for an undisclosed amount. OMT provides home health-care services for patients in Germany suffering from chronic illnesses requiring...

Air Products to build ASU in Russia to supply industrial gases to Sibur

Sibur (Moscow) says that one of its subsidiaries, which specializes in processing liquid hydrocarbons and producing a number of petrochemical products, and Air Products have entered into an agreement for a new air separation unit (ASU) at Perm, Russia...

Praxair to increase North American prices

Praxair announced today that it is increasing medical and bulk gas prices for customers in the United States, Canada, Mexico, and Puerto Rico effective 1 January. The adjustments will vary by contract, the company says. Nitrogen, oxygen, and carbon dioxide...

Air Liquide acquires parts of debt-ridden, home health-care provider in France

Air Liquide is acquiring a portion of the business of the Arair Group (Tours, France), a home health-care provider in central France. Air Liquide will take over Arair's "Arair assistance" business, which generated revenue of €34 million ($42...

Air Products builds hydrogen fueling station in Australia

Air Products announced that it has sold a hydrogen fueling station to Hyundai Motor Company Australia (HMCA). The station will be used to fuel a Hyundai ix35 hydrogen-powered zero-emission fuel cell electric vehicle, the first hydrogen-powered car to be...

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