Monday, Praxair Inc. (PX) said it has signed a contract with ExxonMobil to build, own and operate an air separation unit or ASU to supply additional nitrogen for enhanced oil recovery or EOR operations at ExxonMobil's Hawkins, Texas gas processing plant site.
Under the new contract, Praxair said it will install a new production facility to meet ExxonMobil's requirements for nitrogen. Operations from the new supply network are scheduled for start-up in the second half of 2011. Praxair will produce 85 million cubic feet per day of high-pressure nitrogen and additional quantities of liquid argon.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.