BP (NYSE: BP) ranks as one of the top five refiners in the U.S., with capacity to process up to 1.5 million barrels of crude oil every day. The company is the nation’s second largest producer of oil and gas, a major oil refiner and a leader in alternative energy sources including wind power and biofuels. BP provides enough energy each year to light the entire country. With 23,000 U.S. employees, BP supports nearly a quarter of a million domestic jobs through its business activities.
Air Products and Chemicals, Inc. will purchase hydrogen and argon from LCCE. Air Products (NYSE: APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 18,000 employees in over 40 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2011, Air Products had sales of approximately $10 billion.
Denbury Resources, Inc. plans to purchase CO2 from LCCE, for use in enhanced oil recovery operations along the Gulf. Denbury is a growing independent oil and natural gas company. The company is the largest combined oil and natural gas producer in both Mississippi and Montana, owns the largest reserves of CO2 used for tertiary oil recovery east of the Mississippi River, and holds significant operating acreage in the Rocky Mountain and Gulf Coast regions.