Praxair Has Begun Construction of Nitrogen Plant In New Mexico

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Praxair Incorporated (NYSE: PX) (Danbury, Connecticut) has begun construction on its new gaseous and liquid nitrogen facility in Kirtland, New Mexico. Construction for the new San Juan County plant started last month, with completion expected in one year. The new air separation plant will produce 175 million cubic feet of gaseous and liquid nitrogen per month. Once complete, the new plant will distribute the nitrogen to natural gas industry customers in the surrounding areas.

Praxair is ranked in the top three industrial gas producers in the US, and operates approximately 72 major industrial gas producing plants in the US. Praxair has spent over $300 million in new US plant construction and improvements to plants over the past five years.

Click on the image above to view the Top Ten US Industrial Gas Producers Table, which lists company name, number of plants, and TIV for major capital spending over a five year period. The ten companies listed in this table represent over 90% of both the operating plants in the US and the total capital spending for industrial gas producers.

Click on the image below to view a financial comparison between Praxair and its peers.

Praxair headquartered out of Danbury, Connecticut has operations in 40 countries and annual sales of over $5.1 billion. Praxair specializes in the production of atmospheric gases, which include oxygen, nitrogen, argon and rare gases. The gas is produced when air is purified, compressed, cooled, distilled and condensed. Praxair continues to introduce innovative application techniques for the wide array of industries they serve. Some of these industries include the food and beverage, healthcare, semiconductor, chemicals, refining and the primary metals industries.