Praxair signs supply contract with Hyundai Oilbank

Praxair signs supply contract with Hyundai Oilbank

7:01 AM, 27th September 2016
Praxair signs supply contract with Hyundai Oilbank

DANBURY, US: Praxair Inc has signed a long-term contract to supply industrial gases to Hyundai Oilbank (Hyundai), a leading oil refining company in South Korea. Hyundai has more than a 50-year history producing gasoline and propylene in South Korea, and is capable of processing 390,000 barrels per day of crude oil and other feedstock.

Praxair will construct, own and operate four vacuum pressure swing adsorption (VPSA) plants that will supply a combined 750 tonnes per day (TPD) of oxygen to Hyundai, which is situated at Daesan petrochemical complex on the west coast of the Korean peninsula. The VPSAs are expected to start up in 2017.

Praxair’s small on-site plants have been developed through more than 50 years of research, know-how and field-tested operating experience. The company was the first to develop VPSA technology and is the leader in VPSA applications for oxygen production. Praxair has installed approximately 20,000 TPD of VPSA capacity globally and currently has over $100 million committed to small on-site plants under construction around the world with scheduled start up dates in the next 12 to 18 months.

“Praxair will work closely with Hyundai Oilbank, supporting the company’s growth in the oil refinery industry. This will also expand our presence in the region and lays the groundwork for our continued growth,” said S B Seo, president of Praxair Korea.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Researchers develop stronger turbine blades with refractory ceramic

TSUKUBA, JAPAN: Gas turbines are the motors that generate power in plants. The working temperatures of their burning frameworks can surpass 1600 degre ...

Read more
Merck, RHAS partner to advance women's health in Jordan

DARMSTADT, GERMANY: Merck KGaA has entered into a partnership with the Royal Health Awareness Society (RHAS) of Jordan to advance health awareness and ...

Read more
Quaker’s new smart polymer technology for die casting industry

CONSHOHOCKEN, US: One constant challenge in the die casting industry is uneven die protection caused by temperature variation on the die surface. Temp ...

Read more
Chemours inaugurates titanium dioxide production line in Mexico

WILMINGTON, US: The Chemours Company has inaugurated its new titanium dioxide (TiO2) production line at its Altamira plant in the Mexican state of Tam ...

Read more
Honeywell UOP introduces Chevron’s new alkylation technology

DES PLAINES, US: Honeywell UOP LLC, a subsidiary of Honeywell International Inc has introduced to the refining industry a new alkylation technology de ...

Read more
Bayer awards €345,000 scholarships to boost international talents

LEVERKUSEN, GERMANY: Bayer AG said that its science & education foundation is awarding approximately €345,000 for 64 talented young people wh ...

Read more