Air Liquide China announces that it has entered into an agreement to sell its subsidiary, Air Liquide Fuzhou Co. Ltd., to its client Fujian Shenyuan New Materials Co. Ltd. Air Liquide Fuzhou owns and operates the integrated gas complex in Fujian, south-eastern China.
Air Liquide China says that the transaction will reinforce its ability to invest in its main industrial basins, including in China, and to focus on other high potential activities. Furthermore, it is in line with Air Liquide’s climate objectives.
Air Liquide Fuzhou, operates eight dedicated units in Fujian including a coal gasification unit in addition to an air separation unit, a synthetic gas purification unit and an ammonia plant.
This transaction between Air Liquide China and the parent company of Fujian Shenyuan – Highsun Holding Group – is expected to close in 3Q19, subject to closing conditions.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/10062019/air-liquide-divests-its-dedicated-gases-complex-in-china/