) has expanded its foothold in the Upper Midwest through a
long-term agreement with Boyceville, WI-based Big River Resources
Boyceville, LLC to produce liquid CO2. The agreement will
strengthen Air Products' liquid CO2 supply network in the Upper
Midwest by catering to existing and new customers.
Air Products will be producing 250 tons per day (tpd) of
liquid CO2 at Big River Resources' ethanol plant in Boyceville.
The company will supply food and beverage-grade liquid CO2 from
the plant to industrial customers in the Upper Midwest. The plant
is expected to start its operations in early 2014.
To expand its foothold in the Midwest, Air Products recently
entered into another long-term agreement with Southwest Iowa
Renewable Energy, LLC (SIRE) to produce liquid and supply liquid
CO2 in the Midwest region. In the U.S., Air Products has
established 13 liquid CO2 production plants.
Air Products will build a plant at SIRE's ethanol production
facility in Council Bluffs, Iowa, to produce 400 tons of liquid
CO2 per day (tpd). The plant is expected to start production from
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On Jun 4, 2013, Air Products expanded its base of industrial
gases offerings in North America by acquiring Monroe, LA-based
EPCO Carbon Dioxide Products, Inc., a privately-held company that
manufactures and markets liquid carbon dioxide (CO2). The buyout
also included Illinois-based Louisiana Leasing, Ltd., an
affiliate to EPCO that owns liquid CO2 distribution assets solely
leased to the host company.
The EPCO buyout complemented Air Products' aim of expanding its
portfolio of industrial gases offerings, mainly liquid CO2, in
Air Products already offers liquid CO2 across the globe. Liquid
CO2 is a chief product supplied in the food, beverage, chemical,
pharmaceutical, oil field services and metals fabrication markets
among other merchant industrial gases.
Air Products currently carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering are
Johnson Matthey plc
LyondellBasell Industries NV
PPG Industries Inc.
). While Johnson Matthey holds a Zacks Rank #1 (Strong Buy), both
LyondellBasell and PPG Industries retain a Zacks Rank #2