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BOC to Supply Hydrogen to Chevron and Holly Oil Refineries

A new plant in Salt Lake City will help expand BOC’s global hydrogen supply network and produce cleaner fuels.Industrial gases company BOC (NYSE: BOX), based in Murray Hill, will supply energy company Chevron and petroleum refiner Holly Corp.”s Utah subsidiary with hydrogen for cleaner fuels production at their refineries.
A new plant in Salt Lake City, Utah, which represents an investment of nearly $50 million, will aid in expanding BOC”s global hydrogen supply network and helping to produce cleaner fuels.
The refiners are upgrading their facilities in accordance with the U.S. Environmental Protection Agency”s lower sulfur requirements for gasoline and diesel fuels.
Chevron, which is installing additional hydrotreating capacity at its 49,000-barrel-a-day refinery, will take hydrogen and steam from BOC”s plant, which will be located on the Chevron site. Holly will also receive hydrogen for new hydrotreating capacity at its nearby 26,000-barrel-a-day Woods Cross refinery through a five-mile pipeline connection from the BOC facility.
Construction on the hydrogen plant is expected to begin by early July, with production commencing by mid-2006. In the U.S., BOC has a total of 175 million standard cubic feet a day of hydrogen due on-stream in 2006, as plants at refineries in Toledo and Lima, Ohio, begin operations.
Alan Iantosca, vice president, major tonnage projects, said: “The hydrogen capacity also gives Chevron and Holly greater flexibility to process a variety of crude oil slates, a key consideration given the increasing amount of heavier, sourer crudes coming to market.”
At 12:50 p.m. BOC shares were down $0.01 to $38.96.

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