Find us on Facebook

EPCO bought by Air Products

By Tom Rivers, Editor Posted 16 July 2013 at 12:00 am

Company captured CO2 in ethanol production

MEDINA – A company that captures CO2 discharged in the production of ethanol has been sold.

EPCO Carbon Dioxide Products has had a presence in Medina for about five years. The company set up a plant to capture CO2 from Western New York Energy’s plant in Medina. The captured CO2 has been sold to food companies. EPCO owned 12 CO2 purification and liquefaction plants.

EPCO last month was bought by Air Products, a publicly traded company. EPCO is based in Monroe, La. The acquisition also includes Louisiana Leasing, Ltd. of Illinois, an affiliated company that owns liquid CO2 distribution assets that are solely leased to EPCO. Air Products said the acquisition vaults the company among the leaders in the North American liquid CO2 market.

“We are pleased to be acquiring a company that demonstrated continued growth through the economic challenges of the past several years,” said Nelson Squires, vice president and general manager – North America Merchant Gases at Air Products. “EPCO’s geographic footprint overlaps nicely with our existing infrastructure such that we expect both cost and revenue synergy benefits.”

Air Products currently serves with other merchant industrial gases including the food, beverage, chemical, pharmaceutical, oil field services, and metals fabrication markets.

Air Products employs more than 20,000 people in 50 countries. In fiscal 2012, Air Products had sales approaching $10 billion. For more information about Air Products, click here.