Word: oxygenate
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Much of Air Products' earnings growth came from its postwar development of oxygen plants for the steel industry. By using oxygen instead of air in furnaces, steelmakers are able to increase their production 20% ; Jones & Laughlin's President Avery C. Adams hails the process as "the only major technological breakthrough in the steel industry since the turn of the century." Last week Air Products announced three new plants for steel companies. It will build and operate a $10 million plant for Weirton Steel, j a $3,000,000 plant for Granite City Steel...
Small Advantage. The company is also well on its way in commercial production of other "cold liquids." It is building a $6,000,000 facility for liquid nitrogen, liquid oxygen and liquid argon, has teamed up with Northern Natural Gas Co. to form the Helex Co., which will produce helium for missile development and atomic energy...
...fuel. Liquid hydrogen is tricky stuff; it boils at minus 423° F., only about 37° above absolute zero. If it is not stored in elaborately insulated containers, it quickly turns to hydrogen gas, and a small amount of the gas makes a dangerous explosive mixture with the oxygen...
...liquid hydrogen's virtues more than make up for its faults. When it is burned with liquid oxygen, the combination gives 40% more thrust than an equal amount of kerosene and oxygen. This improvement has a disproportionate effect on a rocket's efficiency, would more than double its payload...
...hydrogen-oxygen rocket of appreciable size has flown so far, but for a year Aerojet-General Corp. has been ground-testing hydrogen rocket motors at its Sacramento plant. Some tests have yielded more than 100,000 Ibs. of thrust. The treacherous new fuel burns cleanly and smoothly, and it is not as hard to store and get along with as some doubters feared...