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TNSC acquires portion of Linde American US HyCO business and related assets

March 13/2019

MOSCOW (MRC) -- Taiyo Nippon Sanso Corp. (TNSC), through its wholly-owned Matheson Tri-Gas subsidiary, has finalized the acquisition of a portion of Linde Gas North America's (Linde America) HyCO business and related assets in the US for about USD413-million, as per Apic-online.

The HyCO business provides large-scale supply of hydrogen and carbon monoxide to petrochemical and oil refining customers via pipeline.  It has eight plants in five locations in the US.

Linde America's sale of the HyCO business was one of the conditions of the U.S. Federal Trade Commission's approval of Linde's recent merger with Praxair.

TNSC is a consolidated subsidiary of Mitsubishi Chemical Holdings Corp.

As MRC reported before, in December 2017, Ube Industries, JSR Corp. and Mitsubishi Chemical Corp. (MCC)  received European Commission (EC) approval for the planned integration of their acrylonitrile butadiene styrene (ABS) subsidiaries.


mrcplast.com
Author:Margaret Volkova
Tags:PS, ABS, petrochemistry, Linde Group, Mitsubishi Chemical, Nippon, USA, Japan.
Category:General News
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