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News

BOC completes ETOL pipeline acquisition following merger clearance

BOC Gases : 23 July, 2002  (Company News)
BOC has announced it has completed the purchase of the industrial assets of Enron Teesside Operations Limited. The purchase was completed on July 12 following approval of the acquisition by The Secretary of State for Trade and Industry.
BOC has announced it has completed the purchase of the industrial assets of Enron Teesside Operations Limited. The purchase was completed on July 12 following approval of the acquisition by The Secretary of State for Trade and Industry.

'I am delighted to close this deal which will bring growth opportunities for BOC on Teesside, an area that is consolidating its position as the place to be for major players in the chemicals market,' said Nigel Hunton, managing director, BOC Process Gas Solutions.

The gases deal, originally announced on June 5, involves the acquisition of 28 miles (45 kilometres) of pipelines and compression facilities used for the delivery of gaseous oxygen and nitrogen directly to a number of large customers in the Teesside area. It will enable BOC to link directly with customers rather than go through ETOL for delivery.

These agreements will extend and strengthen BOCís supply capability for customers on Teesside and consolidates the companyís position as the leading supplier of industrial gases in the area. BOC's Teesside facility is one of the largest industrial gases complexes in Europe.
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