Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Praxair acquires SIBUR industrial gas unit in Russia

03.12.2012  | 

Praxair Inc. has entered into an agreement with SIBUR Russian Tyres to acquire its industrial and packaged gases business in the Volgograd region of Russia. Financial terms of the agreement were not disclosed.

Keywords:

Praxair Inc. has entered into an agreement with SIBUR Russian Tyres to acquire its industrial and packaged gases business in the Volgograd region of Russia.

The business operates under the name Volzhsky Azot and includes two air separation units and a bulk and packaged gas business. Financial terms of the agreement were not disclosed.

Praxair has invested in four major projects in Russia with combined production capacity greater than 3,500 tons per day of gaseous and liquid oxygen, nitrogen, hydrogen and argon.

The new air separation units and hydrogen plants will be located in the Volgograd, Sverdlovsk, Rostov and Nizhniy Novgorod regions and will supply a diverse group of customers in the chemical, steel and glass industries with low-cost, high-reliability industrial gases.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

GasPro North America

Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


66%

34%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.