Air Products has announced that it has signed an agreement to acquire General Electric Co.’s (GE) gasification business.
This transaction will allow Air Products to expand its synthesis gas (syngas) solutions product offerings and its presence in build, own and operate gasification projects..
Financial terms of the transaction have not been disclosed. The acquisition is expected to close following the receipt of any necessary regulatory approvals and satisfaction of customary closing conditions.
The acquisitions could include air separation units, pressure swing adsorbers, carbon monoxide cold box equipment, as well as generate other business opportunities in plant support and cryomachinery.
The gasification business being acquired by Air Products includes GE's share of its 50/50 joint venture (JV) with China Shenhua Coal to Liquid and Chemical Co. Ltd, a subsidiary of China Energy Group. The JV, formed in 2011, provides technologies for gasification projects in China. The acquisition also includes over 1000 patents relating to GE's gasification technology, which has been deployed at over 90 sites, with over 240 gasifiers, and represents over 36 000 MWth (thermal megawatts) of syngas production. The GE gasification technology processes solid, liquid, gaseous, and blended feedstocks.
Gasification technologies offer a way to take varied lower-value feedstocks and convert them in a lower-emission manner into syngas.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/06112018/air-products-to-acquire-ges-gasification-business-and-technology/
You might also like
TÜV SÜD has developed a new standard for the certification low-carbon hydrogen and blue hydrogen and for its derivatives (currently ammonia).