Stock Quote

Airgas to Build 450 tpd Liquid Carbon Dioxide Plant at Shell Deer Park Refinery near Houston, TX

Airgas, Inc. (NYSE:ARG) today announced that it will build a new 450-ton-per-day liquid carbon dioxide plant at the Shell Deer Park Refinery complex near Houston, TX. Airgas also entered into a 15-year agreement with Shell Oil Company, which will supply the feedstock of raw carbon dioxide for the Airgas facility.

Shell Global Solutions (US) Inc. played an integral role in the development of this project by identifying this opportunity and creating the framework for this collaboration.

By building a new world-class facility at this important petrochemical refinery, Airgas will better serve carbon dioxide customers in the greater south-central Texas market, said Division President Ted Schulte, whose division includes Airgas Carbonic and Airgas Dry Ice. We currently serve customers in this region through a smaller plant in La Porte, TX as well as by bringing in product from Star, MS. This new site will create a stronger network of plants for our liquid merchant customers and for our own dry ice production.

Deer Park Refining Limited Partnership, a partnership between Shell Oil Company and PMI Norteamerica S.A. de C. V., will build a pipeline to the two-acre Airgas facility, which will have truck and rail access. At the Airgas facility, the raw carbon dioxide will be purified and liquefied for commercial and beverage-grade use.

Shell Global Solutions and the refinery are working with Airgas to optimize available resources, said Aamir Farid, General Manager, Shell Deer Park Refining Company. We are building on our experience in optimizing operations by developing and implementing solutions across the carbon energy value chain. This announcement reiterates Shells collaborative approach in managing CO2 associated with hydrogen production.

Airgas Carbonic is the second-largest manufacturer and distributor of liquid carbon dioxide in the United States and the largest in the Southeast U.S., with six production facilities serving 19 states, primarily east of the Mississippi River. Two of its plants are the largest in North America and offer state-of-the-art production and quality control capability.

Airgas Dry Ice is the largest producer and distributor of dry ice nationwide with dry ice plants and distribution points across the U.S. Liquid carbon dioxide and dry ice are used predominantly in food service and preparation and beverage industries for freezing, chilling and in-transit applications.

Salof Refrigeration Co., Inc. of New Braunfels, TX, will assist Airgas in building the Airgas Deer Park facility, with an expected completion date of late calendar 2008. The facility eventually will employ 15 to 20 people.

About Airgas, Inc.

Airgas, Inc. (NYSE:ARG), through its subsidiaries, is the largest U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies. Airgas is also one of the largest U.S. distributors of safety products, the largest U.S. producer of nitrous oxide and dry ice, the largest liquid carbon dioxide producer in the Southeast, and a leading distributor of process chemicals, refrigerants, and ammonia products. More than 14,000 employees work in over 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes its products and services through eBusiness, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base. For more information, please visit www.airgas.com.

Note to editors:

Shell Global Solutions provides business and operational consultancy, catalysts, technical services and research and development expertise to the energy and processing industries worldwide. The Shell Deer Park refinery is part of a major refinery-chemical plant complex east of Houston. In February 1993, Shell Oil Company and PMI Norteamerica, S.A. de C.V., a subsidiary of Petroleos Mexicanos (Pemex), formed a 50-50 partnership, Deer Park Refining Limited Partnership. Assets are managed and operated by Shell Oil Company through Shell Deer Park Refining Company, a division of Shell Oil Products Company LLC, a Shell Oil Company subsidiary. For more information about Shell, visit www.shell.com or call Shell Media Relations at (713) 241-4544.

Forward-Looking Statement

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations, and releases. These statements include, but are not limited to, statements regarding; Airgas intention to build a liquid carbon dioxide plant in Deer Park, TX; our 15-year supply agreement with Shell Deer Park Refinery; our expected completion of the plant by late calendar 2008; the plants liquefaction capacity and truck and rail access to the pipeline to the facility; its ability to help Airgas better serve carbon dioxide customers in the greater south-central Texas market; that the new site will create a stronger network of plants for liquid merchant customers and Airgas dry ice production; and the new plants projected employment of 15 to 20 employees in production and distribution. Airgas intends that such forward-looking statements be subject to the safe harbors created thereby. All forward-looking statements are based on current expectations regarding important risk factors and should not be regarded as a representation by the Company or any other person that the results expressed therein will be achieved. Important factors that could cause actual results to differ materially from those contained in any forward-looking statement include; our ability to successfully build, complete, and operate the new plant; our ability to attract and retain employees and customers for the plant; our ability to maintain our agreement with Shell; customer acceptance of our products; an economic downturn; adverse changes in customer buying patterns; political and economic uncertainties associated with current world events; and other factors described in the Company's reports, including Form 10-K dated March 31, 2007, and other forms filed by the Company with the Securities and Exchange Commission.

Contacts:

Airgas, Inc.
Investor Contact:
Jay Worley, 610-902-6206
jay.worley@airgas.com
or
Media Contact:
James Ely, 610-902-6010
jim.ely@airgas.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.