By Max Bernhard 
 

Air Liquide SA (AI.FR) plans to invest more than $270 million in the U.S. gulf coast region and significantly increase production capacity there after striking a long-term supply deal with Methanex Corp (MEOH).

Under the agreement, Air Liquide will supply oxygen, nitrogen and utilities to Methanex's upcoming methanol plant expansion project in Geismar, Louisiana, the industrial-gases supplier said Wednesday.

The company said it plans to invest in two new large air-separation units and infrastructure assets connected to its Mississippi River Pipeline.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

September 18, 2019 12:14 ET (16:14 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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