Matheson and
SynGest Inc. announced that the two companies have agreed to enter into a strategic
agreement for Matheson to supply 100% of the oxygen and nitrogen for SynGest’s worldwide
BioAmmonia and BioUrea projects. Under the intended arrangement, Matheson will
produce the oxygen and nitrogen required by each SynGest plant.
“The SynGest
/Matheson worldwide cooperation agreement represents a new model for
collaboration in the advanced renewable energy products industry,” said Rick
Kowey, EVP and chief marketing officer of Matheson. “Having SynGest as a
strategic partner will provide an enormous leveraged opportunity for Matheson
to expand its global industrial gas business.”
“The global
mutual cooperation agreement between Matheson and SynGest will accelerate the
worldwide expansion of SynGest’s nitrogen fertilizer production capacity,” said
Jack Oswald, CEO of SynGest Inc. “Matheson’s decision to invest in and support
our vision is a strong vote of confidence.”
