Praxair to supply industrial gases to Hyundai Oilbank refinery
Praxair has signed a long-term contract to supply industrial gases to Hyundai Oilbank (Hyundai), a South Korean oil refining company. Hyundai has more than a 50-year history producing gasoline and propylene in South Korea, and is capable of processing 390 Mbpd of crude oil and other feedstock.
Praxair will build, own and operate four vacuum pressure swing adsorption (VPSA) plants that will supply a combined 750 tpd of oxygen to Hyundai, which is located at Daesan petrochemical complex on the west coast of the Korean peninsula. The VPSAs are expected to start up in 2017.
Praxair’s small on-site plants have been developed through more than 50 years of research, know-how and field-tested operating experience. The company was the first to develop VPSA technology and is the leader in VPSA applications for oxygen production. Praxair has installed approximately 20 Mtpd of VPSA capacity globally and currently has over $100 MM committed to small on-site plants under construction around the world with scheduled start up dates in the next 12 to 18 months.
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