【Matheson】Regarding the New Manufacturing Facility for Liquefied Carbon Dioxide Gas and Dry Ice in Texas, U.S.A.

November 10, 2021

Regarding the New Manufacturing Facility

for Liquefied Carbon Dioxide Gas and Dry Ice in Texas, U.S.A.

Nippon Sanso Holdings Corporation ("NSHD", President CEO: Toshihiko Hamada) announces the signing of a raw gas supply agreement with Enlink Midstream, LLC (hereafter "Enlink") and the construction of a new liquefied carbon dioxide and dry ice production facility in Texas. The agreement will be made through Continental Carbonic Products, Inc. (hereafter "CCPI"), a wholly owned subsidiary of NSHD's U.S. operating company, Matheson Tri-Gas, Inc. (hereafter "Matheson").

Matheson acquired CCPI in February 2014 with the aim of expanding its main industrial gas product line and entering new business areas, and has since entered the carbon dioxide and dry ice business in North America. We are currently operating our carbon dioxide gas business from 45 business locations in North America, including 13 plants.

This time, CCPI has decided to build a new liquefied carbon dioxide plant and dry ice production facility in Bridgeport, Texas, with the supply of shale-derived raw gas from Enlink in Texas (completion scheduled for early 2024).

CCPI has production facilities in the Midwest, South, and Northeast regions of the United States to meet the strong demand for carbon dioxide gas and dry ice for the food industry, especially in urban areas. In the South, we have carbon dioxide gas plants and dry ice production facilities in Texas and Arkansas, but demand for liquefied carbon dioxide gas and dry ice for meat processing and food transportation is increasing in these regions. The new facility will be constructed to ensure a reliable supply in the South.

Matheson will continue to further strengthen its carbon dioxide and dry ice supply business in the United States.

Public Relations

[e-mail]