MOSCOW (MRC) -- Praxair has started up three of four new vacuum pressure swing adsorption (VPSA) units at the Daesan petrochemical complex in South Korea, which were built to supply oxygen to Hyundai Oilbank, as per Apic-online.
The companies entered into a long-term contract last year, under which Praxair agreed to build, own and operate the VPSA plants to supply a combined 750 t/d of oxygen to Hyundai. The fourth unit is scheduled to start up early next year.
Hyundai has a 520,000-b/d refinery in South Korea, where it produces gasoline and propylene. The oxygen is being used in Hyundai's residue fluid catalytic cracking process.
Praxair was the first to develop VPSA technology and has more than 250 VPSA plants worldwide.
As MRC reported earlier, in September 2016, Praxair, Inc. announced it had signed a long-term contract to supply industrial gases to Hyundai Oilbank (Hyundai), a leading oil refining company in South Korea.
Praxair, Inc., a Fortune 300 company with 2016 sales of USD11 billion, is a leading industrial gas 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. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others.