Praxair Increases U.S. Prices for Hydrogen and Carbon Dioxide
Praxair Inc. (Danbury, Conn.; http://www.praxair.com) announced price increases for hydrogen and carbon dioxide, which will be effective immediately except as otherwise provided under specific contract terms. The price increases are approximately 15% for hydrogen and 5% for carbon dioxide and will vary, depending on local supply conditions, contract terms and regional variations in production and distribution costs. The price increases are due in part to volatile costs of electric power, natural gas, feedstock, distribution and other raw materials. In addition, Praxair will continue to modify contract terms as appropriate to further ensure its ability to recover costs as market conditions may require.