BOC (ISEL:BOC) to build C02 plant in Brazil
Reuters, Friday, October 02, 1998 at 13:56
MURRAY HILL, N.J., Oct 2 (Reuters) - BOC Gases said Friday
it plans to build, own and operate a 100-tons-per-day carbon
dioxide purification and liquefaction plant in Cubatao, in the
Brazilian state of Sao Paulo .
The $10 million (US) plant, which is expected to come on
stream in the summer of 1999, will capture and recycle raw C02
from the Ultrafertil SA <UTF.RJ> petrochemical plant as part of
a long-term agreement, the BOC Group Plc subsidiary said.
"To assure supply to our customers throughout Sao Paulo,
BOC will also invest in downstream transportation and customer
storage equipment," said Milo Schaefer, vice president for BOC
Gases - Latin America.
"BOC is very fortunate to have a source of C02 from a
partner such as Ultrafertil -- one of the leaders in Brazil's
petrochemical industry," said Dick Grant, chief executive of
BOC Process Systems. "Without our long-term agreement with
Ultrafertil, this investment would not be possible."
BOC pointed out its C02 plants do not manufacture the raw
gas, but capture and recycle it from industrial processes.
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Copyright 1998, Reuters News Service |
