Monday, August 24, 2020

Praxair in $90 Billion Merger

By Walter F. Roche Jr.

A partner firm in a Greene County manufacturing complex is merging with another industrial gas firm in a deal valued at $90 billion.
Officials of Praxair Inc. informed the Tennessee Department of Environment and Conservation that its name will change to Linde Plc on Sept. 1.
Praxair which will be producing liquefied carbon dioxide at a Midway complex now occupied by US Nitrogen, also is seeking TDEC approval for a change in its operating permit that would eliminate one of its provisions.
In a letter to TDEC, Scott Poole, a Praxair environmental manager, asked that TDEC eliminate a provision setting a maximum level of conductivity. Conductivity is a measure of the ability to conduct electricity.
"Praxair's operation operates well below this range of conductivity," Poole wrote in the July 17 letter.
"Praxair can continue to supply daily average values for its operational conductivity to maintain compliance," the letter states.
According to published reports the merger of Linde and Praxair will produce the largest global producer of industrial gases.
A third company, Yara, also will occupy the Midway site.
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