Airgas to Build New Liquid Carbon Dioxide Plant in Houston Metropolitan Area

  Airgas to Build New Liquid Carbon Dioxide Plant in Houston Metropolitan Area

Business Wire

RADNOR, Pa. -- February 13, 2013

Airgas, Inc. (NYSE: ARG) today announced plans to build a new 450 ton-per-day
liquid carbon dioxide plant in the greater Houston area to replace its plant
at the Shell Deer Park Refinery complex that is expected to close late this
year. Airgas has entered into long-term agreements with affiliates of Denbury
Resources, Inc., to transport and deliver feedstock of raw carbon dioxide to
the new Airgas facility.

“The construction of this facility represents Airgas’ commitment to this very
important and strategic market,” said Phil Filer, President, Airgas Carbonic
and Airgas Dry Ice. “With our long-term feedstock agreements we will be able
to serve existing and secure new carbon dioxide customers in the petrochemical
industry, as well as the traditional food chilling and beverage carbonation
industries. We will also be supplying liquid carbon dioxide to our dry ice
facility in LaPorte, Texas.”

Airgas expects that construction will begin shortly on its new carbon dioxide
purification and liquefaction plant and will be completed in the fall.

The Airgas and Denbury relationship goes back to 2001, when Airgas sold its
Jackson Dome reserves and the associated 183-mile pipeline in Mississippi to
Denbury. Recently, Denbury opened up its Green Pipeline which transports this
natural, well-based carbon dioxide more than 500 miles to its current terminus
at the Hastings Field, just south of William P. Hobby Airport.

According to Filer, the new Airgas plant will repurpose many of the existing
assets from the current Deer Park facility, such as storage tanks, truck
loading equipment, scales, and analytical equipment. Furthermore, current
Airgas production and distribution personnel will all be relocated to the new
facility.

Airgas currently operates eleven liquid carbon dioxide plants and 52 dry ice
facilities supplying customers in the chemicals, food processing, food
service, beverage, pharmaceutical and biotech industries.

About Airgas, Inc. Airgas, Inc. (NYSE: ARG), through its subsidiaries, is one
of the nation’s leading suppliers of industrial, medical and specialty gases,
and hardgoods, such as welding equipment and related products. Airgas is a
leading U.S. producer of atmospheric gases with 16 air separation plants, a
leading producer of carbon dioxide, dry ice, and nitrous oxide, one of the
largest U.S. suppliers of safety products, and a leading U.S. supplier of
refrigerants, ammonia products, and process chemicals. More than 15,000
employees work in approximately 1,100 locations, including branches, retail
stores, gas fill plants, specialty gas labs, production facilities and
distribution centers. Airgas also markets its products and services through
eBusiness, catalog and telesales channels. Its national scale and strong local
presence offer a competitive edge to its diversified customer base. For more
information, please visit www.airgas.com.

Contact:

Airgas, Inc.
Media Contact:
Doug Sherman, 610-902-6270
doug.sherman@airgas.com
or
Investor Contact:
Barry Strzelec, 610-902-6256
barry.strzelec@airgas.com
 
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