DANBURY, Conn. — Praxair, Inc. (NYSE: PX) announced Monday that it will further expand liquid and gaseous nitrogen supply and storage at the company’s Kirtland, New Mexico, industrial gases facilities over the next two years. The expansion will more than triple its current capacity of liquid nitrogen to over 800 tons per day, including gaseous nitrogen that is being supplied to local pipeline customers under long-term contracts.
“Our investments have enabled Praxair to continue to grow and serve the oil service segment, as well as other liquid customers in the region,” said Gerald Miller, vice president of the West Region for Praxair’s U.S. industrial gases business. “We are committed to investing in areas that show significant and growing demand for industrial gases, such as the San Juan Basin.”
Demand for pipeline and liquid nitrogen continues to grow as oil and gas operators develop new resources in the San Juan Basin, a low cost producing region, which includes southwestern Colorado, northwestern New Mexico and adjacent areas in Arizona and Utah.
“It's important that we continue to make New Mexico a place where Fortune 250 companies like Praxair can expand and be successful,” said Governor Susana Martinez. “We welcome Praxair’s continued investment and the jobs that result from improving the state’s tax and regulatory climate.”
Farmington, New Mexico Mayor Tommy Roberts commented, "We appreciate Praxair's continued investment in the Farmington area and the positive impact it has on short-term and long-term economic growth."
Praxair is the largest industrial gases company in North and South America and one of the largest worldwide. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings.
