December 25, 2014 1:03 AM ET

Chemicals

Company Overview of American Air Liquide Holdings, Inc.

Company Overview

American Air Liquide Holdings, Inc. manufactures and supplies specialty and industrial gases for research, analysis, process control, manufacturing, and other applications. It offers oxygen, nitrogen, argon, hydrogen, and other rare gases. The company also provides specialty gas mixtures; and industrial gas handling equipment, such as cryogenics, cylinder brackets and carts, cylinder leads/pigtails, flash arresters, flow measurement equipment, gas detection products, manifolds, manifold accessories, pressure regulators, and valves. In addition, it offers specialty gas handling equipment, which include cylinder connections, cylinder storage and accessories, electric heaters, filters, flash ar...

2700 Post Oak Boulevard

Suite 1800

Houston, TX 77056

United States

Founded in 2004

Key Executives for American Air Liquide Holdings, Inc.

President of Air Liquide America LP
Director of Energy
Age: 49
Director of Strategic Supply Chain Management
Member of Management Board and Member of Executive Committee
Age: 71
Member of Management Board and Member of Executive Committee
Age: 65
Compensation as of Fiscal Year 2014.

American Air Liquide Holdings, Inc. Key Developments

Air Liquide Enters into New Long-Term Agreement to Supply Oxygen to Natgasoline

Air Liquide announced that it has been selected by Natgasoline LLC as the supplier of oxygen for its new world-scale methanol plant in Beaumont, Texas. Air Liquide will invest around EUR 90 million (more than USD 120 million) in this high growth area for the chemical industry. Air Liquide has entered into a new long-term agreement to supply Natgasoline with 2,400 tonnes of oxygen per day. To meet the growing needs of OCI for the production of natural gas-based chemicals, Air Liquide will build a new, energy efficient Air Separation Unit (ASU) producing oxygen, nitrogen and argon. Connected to Air Liquide's extensive pipeline network along the Gulf Coast in Texas and Louisiana, allowing for high reliability of supply, the ASU is expected to be commissioned by the second half of 2016. The new Natgasoline LLC methanol plant will produce approximately 5,000 tonnes of methanol per day, making it the methanol production facility in the U.S. based on capacity. Large quantities of pure oxygen are required for this method of large-scale methanol production. Air Liquide, via its Engineering and Construction activity, also signed a contract with OCI for the supply of the Lurgi MegaMethanol process technology to OCI's Natgasoline facility. The MegaMethanol Technology which converts natural gas to methanol is part of Air Liquide's proprietary Lurgi technology portfolio. The supply of oxygen, combined with this natural gas-to-methanol conversion technology, will provide this customer with a solution for large-scale methanol production. Through this combination of offerings, Air Liquide provides increased value for the customer.

Air Liquide Signs Contract with Fusion For Energy to Supply of Cryogenic Equipment

Fusion For Energy has signed a contract with Air Liquide for the supply of cryogenic equipment that will complete the centralized refrigeration system ever built. The objective of the international project known as ITER is to develop an experimental reactor that will demonstrate the scientific and technical feasibility of fusion as a new source of energy. To obtain the very powerful electromagnetic fields required to confine and stabilize nuclear fusion, it is necessary to use superconducting magnets that only work at extremely low temperatures. This temperature requirement is met through the cryogenic equipment supplied by Air Liquide, which is based on the properties of liquefied helium. Its temperature is just 4.5°C above the lowest possible temperature -273.15°C, better known as 'absolute zero'. In 2012, Air Liquide signed a contract with the ITER Organization for the supply of three helium refrigerators with record combined cooling capacity. F4E is now entrusting Air Liquide with the responsibility of supplying a second set of additional cryogenic equipment, for a total amount of around €65 million. This equipment, which is key to the cryogenic installation of the ITER project, includes notably two refrigerators that will provide cooling power needed to run the helium refrigerators, facilitating the optimization of the recovery of helium in the various functional modes of the Tokamak. It will be installed and commissioned on the ITER site at Cadarache, in Saint-Paul-lez-Durance, near Marseille, in early 2016.

LSB Industries Inc. Claims Air Liquide is Responsible for $100 Million in Damage and Losses after a 2012 Explosion

LSB Industries Inc. claims in a federal lawsuit that the Air Liquide is responsible for more than $100 million in damage and losses after a 2012 explosion at the plant. The lawsuit, filed on May 13, 2014 in U.S. District Court in Oklahoma City, accuses Air Liquide of negligence for failing to properly maintain oxygen pipes at a nitric acid plant LSB owns in El Dorado, Ark. A large explosion destroyed the chemical plant in May 2012. No one was injured in the blast. LSB has since said it plans to rebuild the nitric acid plant. In its lawsuit, LSB's El Dorado plant claims the explosion was caused by contaminants in piping installed and maintained by Air Liquide at the Arkansas plant. Air Liquide supplied the plant with gaseous oxygen used to make nitric acid. Contaminants in the pipes maintained by Air Liquide ignited a ‘violent oxygen fire,’ at the El Dorado plant, ‘resulting in a catastrophic explosion,’ the lawsuit claims $100 million lost Damage from the explosion and the ensuing loss of business cost the company $100 million, the lawsuit claims. The lawsuit claims Air Liquide should be held liable for El Dorado's damage, plus costs and interest. LSB Industries received a $113 million settlement in 2013 from its insurance company after the explosion.

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