Praxair China (PX) Signs Supply Contract with Yankuang Guohong Chemical

June 26, 2012 10:01 AM EDT
Praxair China (NYSE: PX) has signed a long-term supply contract with Yankuang Guohong Chemical Co., Ltd. and Yankuang Group to supply industrial gases to its coal gasification process for the production of methanol and downstream chemicals at its chemical park in Zoucheng city, in northern China.

This will be the fourth large capacity onsite air separation plant of 3,000 tons per day or greater that Praxair has contracted in China. Two of these plants, of similar capacity, have been built and are currently operating in Zhenjiang, Jiangsu province and Wuwei, Anhui province, to supply customers in the coal based chemical industry.


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