Praxair (PX) Signs 15-Year Deal with Honeywell Resins & Chemicals (HON)

Praxair, Inc. (NYSE: PX) has signed a 15-year agreement with Honeywell Resins & Chemicals (NYSE: HON) for the purchase of carbon dioxide, a by-product of Honeywell's caprolactam facility in Hopewell, VA. The carbon dioxide will be purified and liquefied at Praxair’s new plant at the Honeywell site which is scheduled to start up in the third quarter of 2013. The plant is expected to produce 450 tons per day which will be used primarily in food freezing and processing as well as beverage applications.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• The West Can't Process Enough of This Critical Metal, and the Gap Doesn't Close by 2030
• CoVolt Power files for proposed IPO
• Home Depot expands executive roles, grants $500K in restricted stock