White Martins Starts up New Air Separation Plant for Braskem in Brazil
White Martins Starts up New Air Separation Plant for Braskem in Brazil
DANBURY, Conn.--(BUSINESS WIRE)-- White Martins, the Brazil-based subsidiary of Praxair, Inc. (NYS: PX) has started up a new air separation plant in the state of Alagoas, in Brazil´s northeast region. As part of the long-term contract, Praxair will supply nitrogen and oxygen to Braskem, the largest petrochemical company in the Americas and the world´s largest producer of biopolymers.
The plant has a capacity of 200 tons per day and will supply Braskem's expanded polyvinyl chloride (PVC) unit. Braskem has invested an estimated $500 million in the new industrial unit -- the highest investment ever made by the company for a single project in Brazil. Braskem's facility produces vinylic materials, polyethylene and polypropylene to serve industries such as footwear, toys, housing, sanitation and infrastructure.
With one PVC unit currently operating in Alagoas, this project will almost double Braskem's annual PVC production capacity in the state, making Alagoas the largest producer of PVC in Latin America. The investment marks the strengthening of the chemical and plastic production chain, while promoting industrial development in the region.
"White Martins has played a fundamental role in the execution of this project, which ensures the reliable supply of oxygen, a critical production input at Braskem's new PVC plant in the state of Alagoas." said Marcelo Cerqueira, vice president of Braskem's Vinyls Unit. "This facility is very important to the state and to Brazil, as it will serve domestic demand, especially in the construction industry."
"We are proud to be selected by Braskem to take part in this important project. The start up of our new air separation plant further demonstrates our ability to reliably serve large, world-class petrochemical facilities and our commitment to a long-term relationship with Braskem," said Domingos Bulus, president of White Martins.
About White Martins Gases Industriais Ltda.
White Martins has supplied a comprehensive range of industrial gases and technologies to customers in a wide variety of industries for 100 years. In addition to Brazil, it has operations in eight other South American countries and is the leading industrial and medical gases supplier in the region.
About Praxair
Praxair, Inc., is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2011 sales of $11 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair 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, metals and others. More information on Praxair, Inc. is available on the Internet at www.praxair.com.
About Braskem
Braskem is the largest producer of thermoplastic resins in the Americas. With 36 industrial plants in Brazil, the United States and Germany, the company produces over 35 billion pounds annually of thermoplastic resins and other petrochemical products, such as ethylene, butadiene and aromatics. Braskem is also the world's leading biopolymers producer with a 440 million pound green polyethylene plant that produces polyethylene from sugarcane-based ethanol.
Praxair, Inc.
Jacqueline Hunt, Media
(203) 837-2663 - jacqueline_hunt@praxair.com
or
Kelcey Hoyt, Investors
(203) 837-2118 - kelcey_hoyt@praxair.com
KEYWORDS: United States Brazil North America South America Connecticut
INDUSTRY KEYWORDS:
The article White Martins Starts up New Air Separation Plant for Braskem in Brazil originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
