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Airgas Carbonic and Fox River Valley Ethanol Sign Long-Term Liquid CO2 Supply Agreement

Airgas, Inc. today announced that its subsidiary, Airgas Carbonic, has signed a long-term agreement for the supply of liquid carbon dioxide (CO2) from Fox River Valley Ethanol's recently acquired plant in Oshkosh, WI. Under the terms of the agreement, Airgas Carbonic will market food and beverage-grade liquid CO2 co-products from the plant, which is expected to begin production in October and yield 250 tons per day of liquid CO2.

"Airgas Carbonic has partnered with Fox River Valley Ethanol's parent company, Ace Ethanol, for the past decade to market the liquid CO2 co-product from Ace's ethanol plant in Stanley, Wisconsin, and we are excited to expand our relationship to their new Oshkosh, Wisconsin, plant," said Phil Filer, President of Airgas Carbonic. "This additional supply source will further strengthen our liquid CO2 network and provide enhanced supply reliability to our food and beverage, as well as our industrial, bulk gas customers in the Midwest."

"We are pleased to expand our long-standing relationship with Airgas Carbonic through this new agreement," said Neal Kemmet, President and General Manager, Fox River Valley Ethanol. "Ethanol plants are an important source of liquid CO2 in the Midwest, and we look forward to beginning production at our plant in Oshkosh and providing the liquid CO2 co-product that will help serve the needs of the many large users in the region."

Airgas is a leading supplier of liquid CO2 in the United States through its eight production plants and other sources that augment its production. The new agreement represents Airgas' third liquid CO2 source in Wisconsin, joining its sources in Stanley and Jefferson.

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