Praxair Kick Starts Operations of its new Hydrogen Facility at Freeport, USA

Praxair Inc. begins the operations of its newly built hydrogen plant at Texas, United States

United States: Praxair Inc., a United States based industrial gases supplier has begun the operations of its new hydrogen plant at Freeport, Texas. This plant will recover and compress by-product hydrogen from Dow Chemical Company’s ethylene production facilities at Freeport, USA. New hydrogen processing facility will help Dow to meet the industry’s demand for carbon dioxide emission reduction. As per Mr. Dan Yankowski, hydrogen business president, the new hydrogen processing plant will help in catering to refining and petrochemical industries. Additionally, Praxair has signed a long-term agreement to supply nitrogen for Dow’s chemical production facility. Dow has plans to utilise both hydrogen and nitrogen, which will be supplied by Praxair from 2019 to cater to specialty chemicals market as well. 

TechSci Research depicts that the onset of operations of the new hydrogen plant will strengthen its market share and value across the globe. Consequently, it will cater to the refining and petrochemicals markets both at domestic and global level. The strongly growing oil refinery chemicals markets, especially in Middle East countries will benefit tremendously as well.

According to the recently published report by TechSci Research, “Iran Oil Refinery Chemicals Market By Type (Merchant Hydrogen, Refining Catalysts, etc.), By Application (Petroleum Conversion, Petroleum Treatment, Water and Wastewater Treatment and Others), Competition Forecast and Opportunities, 2011 – 2021”, the oil refinery chemicals market in Iran is projected to grow at a CAGR of 5% over the next five years. In 2015, merchant hydrogen held the largest share in the Iran oil refinery chemicals market, owing to growing demand for hydrogen due to its ability to remove undesirable pollutants from crude oil products. Refining catalysts, pH adjusters and corrosion inhibitors are the other major oil refinery chemicals consumed in Iran. In addition to domestic players, several global players such as Air Liquide, Air Products and Chemicals Inc., and Sud Chemie are also operating in Iran oil refinery chemicals market.