Air Liquide to Invest More Than $160 Million in Supply Agreement With Eastman Chemical
September 02 2020 - 12:35PM
Dow Jones News
By Cecilia Butini
Air Liquide SA said Wednesday that it has entered into a
long-term supply agreement with U.S.-based company Eastman Chemical
Co. to serve the company's Texas production site, with an
investment of more than $160 million.
The French industrial gas supplier said the agreement with
Eastman is for the supply of gaseous oxygen and nitrogen, as well
as syngas. The company will also build a new Air Separation Unit
and a Partial Oxidation Unit at Eastman's Longview, Texas site, it
said.
The facilities will become operational in late 2021 as an
integration to Eastman's existing ones, Air Liquide said.
The company added that the technology used in the new Partial
Oxidation Unit will be able to capture and recycle carbon
dioxide.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
September 02, 2020 12:20 ET (16:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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