MATHESON to Build ASU to Supply Gases for Lotte Chemical’s World-Scale MEG Plant
Basking Ridge, NJ – November 14, 2016 - MATHESON has entered into an agreement with Lotte Chemical’s subsidiary, Lotte Chemical Louisiana LLC, to supply tonnage oxygen and nitrogen to their world-scale monoethylene glycol (“MEG”) plant, which is part of Lotte Chemicals’ $3 billion investment in Lake Charles, LA.
“The installations will be MATHESON’s third and fourth new large scale ASUs constructed in the Lake Charles area in the span of four (4) years and reinforces Lake Charles as the anchor of our southern U.S. coast-to-coast atmospheric gas network,” stated Scott Kallman, President and CEO of MATHESON.
Kallman added, “This investment not only significantly enhances the reliability of supply for our Lake Charles pipeline complex Customers but also further expands our argon capacity to support sales to our direct Customers and independent Distributors.”
MATHESON Senior Vice President, Nigel McMullen commented, “We are quite pleased to have been chosen by Lotte Chemical for this project based on the value created by our innovative supply solution and are committed to a long term relationship not only with Lotte Chemical but our current Customer base in the area.”
McMullen continued, “The ASU and pipeline will be built, owned and operated by MATHESON and we will employ the advanced cryogenic distillation technology and fabrication facilities of MATHESON’s parent company, Taiyo Nippon Sanso Corporation in Japan. These ASUs are the next installment of the newest and most efficient ASU fleet in this region of the U.S.
MATHESON is a single source for industrial, welding and safety supplies, medical, specialty and electronic gases, gas handling equipment, high performance purification systems, engineering and gas management services, and on-site gas generation with a mission to deliver innovative solutions for global customer requirements. MATHESON is the largest subsidiary of the TAIYO NIPPON SANSO CORPORATION Group, one of the five largest suppliers of industrial, specialty, and electronics gases in the world.