For the past 18 years, St. Louis-based Air Products & Chemicals Inc. worked closely with Salt Lake City’s Ceramatec to develop a way to separate oxygen from the atmosphere. The company now plans to build a $40 million facility in Tooele, where it will test whether that ceramic-based, oxygen-separation technology can be produced on a commercial scale for industrial and medical applications.
To aid the effort, the Governor’s Office of Economic Development (GOED) Board approved a $208,500 incentive for Air Products on Tuesday. The incentive is based on projections that the state will receive more than $1 million in tax revenue from the project during the next five and a half years. Project development will begin this month and run for about 33 months. The $40 million project is being jointly funded by Air Products and the U.S. Department of Energy. Once completed, the production facility is expected to employ 57 full-time workers. Salt Lake Tribune
