Praxair Renews Long-Term Hydrogen Supply Agreement with Marathon’s Galveston Bay Refinery
July 17, 2018
DANBURY, Conn., July 17, 2018 – Praxair, Inc. (NYSE: PX) has renewed and expanded a long-term contract to supply hydrogen to Marathon Petroleum Corporation’s Galveston Bay Refinery in Texas City, Texas. Marathon Petroleum is the second largest transportation fuels refiner in the U.S. and operates an integrated refining, marketing and transportation system in the Midwest, East, Southeast and Gulf Coast.
This world-class 571,000-barrel-per-day refining complex is the second largest in the U.S. and requires reliable hydrogen supply to support production of clean fuels. Praxair has been supplying industrial gases to the Galveston Bay Refinery since 1985.
“We are proud to renew our contract with Marathon Petroleum,” said Dan Yankowski, president of Praxair’s global hydrogen business. “We look forward to supporting their ongoing operations and future growth, as Praxair continues to provide industry-leading reliability through our Gulf Coast hydrogen system.”
Praxair operates over 50 hydrogen production facilities and six hydrogen pipeline systems worldwide. Refinery and chemical customers benefit from Praxair’s comprehensive portfolio of large-volume industrial gases, cylinder gases and specialized technologies, services and supply reliability.
Praxair, Inc. is a leading industrial gas company in North and South America and one of the largest worldwide. With market capitalization of approximately $40 billion and 2017 sales of $11 billion, the company employs over 26,000 people globally and has been named to the Dow Jones® World Sustainability Index for 15 consecutive years. Praxair produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Our 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, primary metals and many others. For more information about the company, please visit our website at www.praxair.com.