Gas company to invest $15 million in Hopewell

A multibillion-dollar gas company will invest $15 million to start a new operation in Hopewell.

Connecticut-based Praxair, which produces and sells gases such as oxygen, carbon dioxide and helium, will locate on the property of the Osage Bio Energy Plant in Hopewell.

Praxair has secured a 15-year contract to purchase and capture carbon dioxide from the plant, a byproduct of the plant’s operation of converting barley to ethanol.

Gov. Bob McDonnell said Praxair would create 17 jobs with an average annual salary of $50,000.

“Each new green job created will pay above-average salaries, and there is tremendous room for potential growth as a supplier to other major companies in the region,” McDonnell said.

Praxair has about 50 employees at various operations across the state. The company has sales last year of $9 billion and operates in 30 countries. It has 27,000 employees worldwide.

According to Praxair, the company will capture and liquefy up to 450 tons of carbon dioxide each day once they begin operations in the fourth quarter of 2011. The gas from the operation will be primarily sold for use in food freezing and processing, as well as adding carbonation to beverages.

The company also considered sites in North Carolina, South Carolina and West Virginia.

A multibillion-dollar gas company will invest $15 million to start a new operation in Hopewell.

Connecticut-based Praxair, which produces and sells gases such as oxygen, carbon dioxide and helium, will locate on the property of the Osage Bio Energy Plant in Hopewell.

Praxair has secured a 15-year contract to purchase and capture carbon dioxide from the plant, a byproduct of the plant’s operation of converting barley to ethanol.

Gov. Bob McDonnell said Praxair would create 17 jobs with an average annual salary of $50,000.

“Each new green job created will pay above-average salaries, and there is tremendous room for potential growth as a supplier to other major companies in the region,” McDonnell said.

Praxair has about 50 employees at various operations across the state. The company has sales last year of $9 billion and operates in 30 countries. It has 27,000 employees worldwide.

According to Praxair, the company will capture and liquefy up to 450 tons of carbon dioxide each day once they begin operations in the fourth quarter of 2011. The gas from the operation will be primarily sold for use in food freezing and processing, as well as adding carbonation to beverages.

The company also considered sites in North Carolina, South Carolina and West Virginia.

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