Rinchem announces expansion of gas pad locations
ALBUQUERQUE, N.M. -- Rinchem Company, Inc., announced that it has expanded its resources in the specialty gas logistics market. Rinchem has acquired operational control of three new gas pad locations in the domestic US. As part of the expansion, Rinchem will operate additional gas pads in Phoenix, AZ; Manor, TX; and Tualatin, OR.
The new gas pad locations complement Rinchem's existing logistics infrastructure and provide new and existing customers an expanded specialty gas storage network. The gas pad locations will be completely operated and maintained by Rinchem and will follow the stringent safety and customer service standards for which Rinchem has become known.
"Rinchem is excited about this new opportunity to expand our service offering in the spec gas industry,” said Chris Wright, Rinchem's Vice President of Sales and Marketing. “It means a great deal to our team to have the trust and confidence of world-class chemical and gas manufacturing companies in the semiconductor industry. In keeping with our strategic objectives, this business complements the emphasis on expansion within in the spec gas cylinder market."
As part of this expansion, Rinchem has signed an agreement to provide services to Versum Materials, a major gas supplier to the semiconductor, display and LED markets.
Large-scale production of shale gas in the US, which began around the turn of the century, is now feeding US exports in the form of LNG.
Annual demand for natural gas in the EU is pegged at approximately 380 Bm3y–450 Bm3y. A portion of this demand is met by regional production within the EU. However, the European energy system is beset by challenges that are impacting EU gas supply.
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