Air Liquide announced today that it has signed two long-term supply agreements with Marathon Petroleum Company for a total of up to 900 tonnes per day oxygen for Marathon Petroleum’s Refineries in Texas City, Texas and Garyville, Louisiana. The two agreements mark a growing relationship between the two companies and nearly double the amount of oxygen Air Liquide will supply Marathon Petroleum in total. Both sites are located on the Gulf Coast.
At Marathon Petroleum’s Galveston Bay Refinery in Texas City, Texas, Air Liquide will increase its current oxygen delivery by 400 tonnes per day. And in Garyville, Louisiana, Air Liquide will increase oxygen delivery by up to as much as 500 tonnes per day.
Marathon Petroleum Corporation operates the nation's largest refining system with more than 3 million barrels per day of crude oil refining capacity across 16 refineries.
Michael J. Graff, Executive Vice President and Executive Committee Member, Air Liquide Group, said: “Air Liquide is pleased to build upon its existing relationship with Marathon Petroleum and further expand its portfolio of investments in the U.S. The two new supply agreements with Marathon Petroleum further demonstrate Air Liquide’s ability to develop and scale its capacity across our pipeline networks and safely and reliably serve the growing demand for industrial gases in key geographies.”
The Large Industries world business line of Air Liquide
offers gas and energy solutions that improve process efficiency and help achieve greater respect for the environment, mainly in the refining and natural gas, chemicals, metals and energy markets. In 2018, revenues were €5,685 million.
Air Liquide in the United States
Air Liquide employs more than 20,000 people in the U.S. in more than 1,300 locations and plant facilities including a world-class R&D center. The company offers industrial and medical gases, technologies and related services to a wide range of customers in energy, petrochemical, industrial, electronics and healthcare markets. www.airliquide.com/USA
A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with approximately 66,000 employees and serves more than 3.6 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry, deliver long term performance and contribute to sustainability. The company’s customer-centric transformation strategy aims at profitable growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders.
Air Liquide’s revenue amounted to 21 billion euros in 2018 and its solutions that protect life and the environment represented more than 40% of sales. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, EURO STOXX 50 and FTSE4Good indexes.
Copyright Business Wire 2019