Air Products buys back air separation units and supplies industrial gases to Shanxi Jinmei Huayu, China
Published by Naomi Holliman,
Digital Editorial Assistant
Hydrocarbon Engineering,
Air Products, an industrial gases company, has announced that it has completed the buyback of two air separation units (ASUs) from Shanxi Jinmei Huayu Coal Chemical Co. Ltd. (Jinmei Huayu), a subsidiary of China's coal mining conglomerate Shanxi Jincheng Anthracite Coal Mining Group. Under a long-term supply agreement, Air Products has also started supplying oxygen, nitrogen, and other industrial gases via pipeline to Jinmei Huayu's major coal-to-clean fuels project in Jincheng City, Shanxi Province, China.
Air Products' latest asset buyback and long-term gas supply for Jinmei Huayu mark a milestone in Air Products' gasification strategy and continued support for the development of China's clean energy industry.
Air Products supplied two ASUs (with a total capacity of over 4000 tpd) for Jinmei Huayu's Phase One energy project in Jincheng, which uses coal to produce 1 million t of clean fuels annually. The two companies then actively explored further cooperation opportunities and later signed an agreement for Air Products to buy back the two ASUs for approximately US$100 million and provide Jinmei Huayu with long-term, safe and reliable industrial gas supply.
Air Products’ latest project follows the company's major investment with Lu'An in Changzhi, Shanxi Province.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/29072019/air-products-buys-back-air-separation-units-and-supplies-industrial-gases-to-shanxi-jinmei-huayu-in-china/
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