DANBURY, CONN.--(BUSINESS WIRE)--
Praxair, Inc., a wholly-owned subsidiary of Linde plc (NYSE:LIN; FWB:LIN), the leading global producer of liquid hydrogen, today announced that it has commenced construction of its fifth liquid hydrogen plant in the U.S., adding geographic and source diversification. The new investment in La Porte, Texas, is in response to growing demand from customers in sectors such as material handling, aerospace, manufacturing, metals, energy and electronics.
Praxair’s new plant, scheduled to start up in 2021, will produce over 30 tons per day of high purity liquid hydrogen. It will be integrated with the recently constructed air separation plant in La Porte, resulting in energy and capital cost savings. The new plant will complement Praxair’s existing liquid hydrogen plants in California, Alabama, Indiana and New York and will enhance supply reliability.
Praxair operates over 50 hydrogen generation plants and six pipeline networks globally. The La Porte hydrogen liquefier will be integrated with Praxair’s 350-mile gulf coast hydrogen pipeline network and storage cavern.
Praxair, Inc., a wholly-owned subsidiary of Linde plc, is a leading industrial gas company in North and South America and one of the largest worldwide. With market capitalization of approximately $40 billion and 2017 sales of $11 billion, the company employs over 26,000 people globally and has been named to the Dow Jones® World Sustainability Index for 16 consecutive years. Praxair produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Our products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others. For more information about the company, please visit our website at www.praxair.com.
Copyright Business Wire 2018