Engineering News

Praxair sets up joint venture with Sinopec
Monday May 4, 2009, 2:53 pm EDT

Praxair sets up joint venture in Guangzhou, China, with Sinopec

DANBURY, Conn. (AP) -- Industrial gas maker Praxair Inc. said on Monday that a subsidiary has set up a joint venture in Guangzhou, China, with China Petroleum & Chemical Corp., also known as Sinopec.

The venture with Praxair (China) Investment Co. Ltd. will produce, sell and distribute industrial gases including oxygen, nitrogen, and argon for industrial uses. It will also supply nitrogen for Sinopec Guangzhou Co.

Sinopec is the largest refiner and petrochemical producer in China.

In afternoon trading, Praxair shares rose $3.48, or 4.8 percent, to $76.95, and Sinopec shares added $6.96, or 8.8 percent, to $85.68.

Source: Associated Press

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home