Praxair Canada Announces Nitrogen Capacity Additions in Alberta
March 19, 2004
DANBURY, Conn., March 19, 2004 — Praxair Canada Inc., a subsidiary of Praxair, Inc. (NYSE:PX), plans to add 300 tons per day of liquid nitrogen capacity at its facility in Fort Saskatchewan, Alberta. The company previously announced an addition of 650 tons per day of capacity at Prentiss and Fort Saskatchewan, Alberta.
"This capacity addition is required to meet the projected requirements of our contracted customers who are responding to the current surge in demand for natural gas," said said Rob Hossack, managing director of Praxair Canada. "The overall demand for nitrogen to service oil and gas wells in Western Canada is expected to double over the next two to three years."
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2003 sales of $5.6 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity 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 is available on the Internet at www.praxair.com.