9 April 1998: Air Liquide America Corporation announced it will invest US$ 150 million in a new air separation and cogeneration complex in Geismar, Louisiana, primarily because it had signed a long-te…
9 April 1998: Air Liquide America Corporation announced it will invest US$ 150 million in a new air separation and cogeneration complex in Geismar, Louisiana, primarily because it had signed a long-term contract to supply gaseous oxygen and steam via pipeline to BASF Corporation. The deal is the largest industrial investment ever in the US. The new units will supply 5,200 tonnes per day of air separation products including gaseous oxygen and gaseous nitrogen to the company“s existing pipeline network between Baton Rouge and New Orleans, and liquid oxygen, nitrogen and argon for merchant distribution. Air Liquide America is also expected to build an 80 megawatt cogeneration facility at that site to power the air separation equipment and supply steam to neighbouring chemical facilities. The company previously announced the merchant portion of the project. “As Air Liquide America“s largest investment in a single plant site ever, this is a major expansion to our existing production capacity in order to supply BASF and other customers along the Mississippi River industrial corridor in Louisiana,” said Patrick Verschelde, president and CEO, Air Liquide America.