| Facility to Support Murphy's New Hydrocracker Due On-stream in 2003
LEHIGH VALLEY, Pa. (July 5, 2002) — Air Products and Chemicals, Inc. (NYSE:APD) announced today that it will build a 40 million standard cubic feet per day (MMSCFD) hydrogen facility in New Orleans, La. to support Murphy Oil USA, Inc.'s new Meraux, La. hydrocracker. Murphy Oil USA, Inc. is a wholly owned subsidiary of Murphy Oil Corporation (NYSE: MUR). The hydrogen facility is to be on-stream in the third quarter of 2003.
The hydrogen facility, built, owned, and operated by Air Products, will be a natural gas-based hydrogen steam methane reformer. It will supply the new Murphy Oil hydrocracker with the hydrogen required to produce lighter, cleaner transportation fuels from heavier feedstocks. It will be located at Air Products' existing New Orleans facility, and will provide product under a long-term contract to Murphy Oil via an existing Air Products pipeline system.
"We are very pleased to continue our relationship with Murphy Oil through the construction of this facility and long-term supply contract," said Jeff Byrne, Air Products' regional vice president for the Chemical and Process Industries in North America. "We believe our experience and leadership in hydrogen plant facility design and construction, as well as product supply reliability, will continue to provide great value to Murphy Oil and the refining industry."
The hydrogen facility will be the 18th to be built through the Air Products and Technip-Coflexip Group (NYSE: TKP and Euronext: 13170) alliance. Together, Air Products and Technip-Coflexip have provided the worldwide refining industry with competitive technology, plus world-class safety and reliability with "over the fence" hydrogen supply. Recently, Air Products and Technip-Coflexip announced the signing of a new 10-year agreement extending this successful alliance through 2011.
Both companies bring a long history of hydrogen experience to their role in the alliance. Technip-Coflexip provides the design and construction expertise for steam methane reformers. Air Products provides the gas clean-up technology and, through its operating network, brings operational and engineering knowledge to "design-in" high reliability and efficiency, and then operates and maintains the facilities for customers under long-term agreements.
About Murphy Oil
Murphy Oil USA, Inc. conducts the U.S. refining and marketing operations of Murphy Oil Corporation (www.MURPHYOILCORP.COM), a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom.
About Air Products
Air Products and Chemicals, Inc. (www.airproducts.com) is the world's only combined gases and chemicals company. Founded more than 60 years ago, the business has annual revenues of $5.7 billion and operations in 30 countries. Air Products is a market leader in the global electronics and chemical processing industries, and a long-standing innovator in many industrial markets, including coatings, adhesives and polyurethanes. The company distinguishes itself through its 18,000 employees around the world, who build lasting relationships with their customers and communities based on understanding, integrity and passion.
About Technip-Coflexip
With a workforce of about 18,000 and annual revenues of about 5 billion euros, TECHNIP-COFLEXIP ranks among the top five in the field of oil and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York (NYSE: TKP) and in Paris (EURONEXT: 13170). The main engineering and business centers of Technip-Coflexip are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a world class fleet of offshore construction vessels. |
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