Praxair (PX) Unit Selected to Supply Oxygen to New Punta Pereira Complex

November 16, 2011 10:02 AM EST
Praxair Uruguay, a subsidiary of Praxair, Inc. (NYSE: PX), has signed a 15-year contract to supply oxygen to a new pulp mill complex being built in Punta Pereira, in the department of Colonia, Uruguay. The new facility will be operated by Montes del Plata, a 50-50 joint venture between Arauco of Chile and StoraEnso of Finland and Sweden.

Praxair will build, own and operate a non-cryogenic vacuum-pressure-swing-adsorption (VPSA) plant with a capacity of 126 tons per day of gaseous oxygen. The plant is scheduled to start up in early 2013.


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