Air Liquide to divest its business in Trinidad and Tobago
Published by Bella Weetch,
Editorial Assistant
Hydrocarbon Engineering,
Air Liquide has announced that it has signed an agreement to divest its business in Trinidad and Tobago to Massy Gas Products Holding Ltd. (MGPHL).
As a consequence of this divestiture, approximately 30 employees of this business will be integrated within MGPHL. This transaction is part of Air Liquide’s strategy to regularly review its asset portfolio and focus on selected fast-developing areas and activities.
Air Liquide is well-positioned to further grow its presence in Latin America where it intends to pursue the opportunities emerging with the clean energy transition, including hydrogen energy, leveraging the area's abundant natural resources.
This agreement is subject to regulatory approvals of the Trinidad & Tobago Fair Trading Commission for completion and other customary closing conditions.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09122022/air-liquide-to-divest-its-business-in-trinidad-and-tobago/
You might also like
The Hydrocarbon Engineering Podcast - Midstream matters
In this episode of the Hydrocarbon Engineering Podcast, Sarah Miller, President and CEO of the GPA Midstream Association, joins us to consider the vital importance of midstream operations, and some of the key challenges and opportunities facing the sector.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
