Gulf Oil and Gas accountACCOUNT

Air Products and Linde Form Hydrochlor Joint Venture

Source: www.gulfoilandgas.com 1/12/2011, Location: North America

Air Products and Linde Gas North America announced they have formed Hydrochlor, a 50-50 joint venture to supply high-purity anhydrous hydrochloric acid (HCl) to the electronics and other industries.

As part of the agreement, Hydrochlor will build a facility to process and package HCl supplied via pipeline from The Dow Chemical Company. The new facility will be located on Dow's Freeport, Texas, site. Oversight for Hydrochlor will be governed by a team of managers from each partner company. The facility, scheduled to be commissioned in the second quarter of 2012, is designed to meet merchant requirements and can be expanded to serve growth in market demand.

Hydrochlor will sell HCl exclusively to the joint venture partners, who will continue to market HCl independently. Until the new facility's startup, Dow will continue to supply HCl independently to Air Products at its Hometown, Pa., facility and to Linde at its Lovington, New Mexico, location.

"This significant investment in Hydrochlor secures a vital domestic supply of high-purity HCl for a variety of end markets," said Corning Painter, vice president and general manager of Electronics for Air Products. "The Hydrochlor agreement is another example of Air Products' commitment to ensuring surety of supply of critical materials to our customers."

"This is an important development for our customers," said Cliff Caldwell, vice president of Electronics and Specialty Gases for Linde North America. "There have been concerns regarding the continuity of supply for high-purity HCl into the merchant market for some time. This new production and filling plant will finally put these concerns to rest. When completed, the Freeport facility will be the largest HCl production plant in the country and will allow Linde to continue supplying critical high-purity HCl to its U.S. and international customers."

HCl is a key raw material used by semiconductor manufacturers for cleaning reactors used in the epitaxial process and also is used for chamber cleaning. A majority of North American merchant HCl is supplied to the pharmaceuticals and agricultural industries. HCl also is used as a chemical intermediate in the manufacture of inorganic chlorides.

Mergers and Acquisitions News in United States >>

Netherlands Antilles >>  2/15/2019 - Shell has agreed to acquire 100% of sonnen, a leader in smart energy storage systems and innovative energy services for households. This follows an in...
United Kingdom >>  2/15/2019 - Rowan Companies plc (RDC) has received clearance from the United Kingdom's Competition and Markets Authority for its pending combination with Ensco pl...

United States >>  2/6/2019 - Air Liquide announces that Airgas has signed a definitive agreement to acquire TA Corporate Holdings, Inc. (“Tech Air”), a large independent distribut...
Russia >>  2/5/2019 - Tenaris S.A. will form a joint venture with PAO Severstal to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russ...

Norway >>  2/1/2019 - Equinor has completed the EUR 400 million acquisition of Danske Commodities (DC) announced in July 2018, after having received all required regulatory...
United States >>  2/1/2019 - Emerson (EMR) has completed the purchase of Intelligent Platforms from General Electric (NYSE:GE). The addition of Intelligent Platforms programmable ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 |

More News

Related Links

CA US
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.