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"BOC to Supply Hydrogen to BP, Sunoco Refineries in Toledo"
"MURRAY HILL, N.J. -- BOC, a supplier of hydrogen and other gases to the global refining industry that has operations in the Mahoning Valley, will build a world scale hydrogen and utilities complex to supply BP and Sunoco oil refineries in Toledo, Ohio, officials announced earlier today. The complex will be capable of supplying over 120 million standard cubic feet a day of hydrogen (H2) to the Sunoco and BP refineries and to other potential customers in the region. BOC will also provide steam to the Sunoco refinery from the facility, which will be located at the Sunoco refinery, officials said.BOC is investing more than $100 million in the facility, subject to a favorable outcome of certain tax incentive considerations, which are anticipated to be finalized in the next two months. With the current schedule, construction is scheduled to start in November and the project is expected to be completed in the fourth quarter of 2005. BOC's partner for engineering and constructing the facility is LindeBOC Process Plants of Tulsa, Okla. The complex will provide Sunoco and BP with a highly reliable and cost-effective source of hydrogen to enable the refineries to meet their production requirements for cleaner burning, ultra-low sulfur gasoline and diesel fuels. These fuels will meet or exceed the standard set by the U.S. Environmental Protection Agency's Tier 2 clean fuels regulation, said Alan Iantosca, global vice president of BOC Process Systems. "BOC already owns and operates the largest hydrogen utility supply schemes in Asia, South America and the United Kingdom," he said. "The Toledo initiative brings BOC's total investments in the global oil and gas industry to more than US$ 350 million over the last 18 months and builds on BOC's significant presence in Ohio and the U.S. Midwestern states." Kent Masters, president, BOC Process Gas Solutions, Americas, said, "We are delighted to expand our long-standing relationships with both BP and Sunoco. We work closely with BP on three continents and have supplied Sunoco in the greater Philadelphia area for many years to facilitate the efficient and safe production of both companies' chemicals and refinery products." The BOC Group serves two million customers in more than 50 countries. The company employs 44,500 and reported annual sales of some $7 billion in 2003, officials said.Visit The BOC Group: www.boc.com"