Air Products has announced that it has acquired the remaining 50% stake in a gasification joint venture from China Shenhua Coal to Liquid and Chemical.
Air Products acquired General Electric’s gasification business in 2018 which included the 50% stake in a syngas joint venture with China Shenhua Coal to Liquid and Chemical, a subsidiary of China Energy Group. It has now bought the remaining stake to bring its ownership to 100%.
With this transaction, Air Products aims to strengthen its broader gasification technology portfolio in China. The financial details of the deal have not been disclosed.
Seifi Ghasemi, CEO of Air Products, said: “Our latest investment is another step to support our gasification growth strategy that addresses the world’s energy and environmental challenges. We continue to execute several megaprojects in China and around the world.”
by Amanda Doyle
Source: thechemicalengineer.com
BASF increased sales by €2.6 billion compared with the first quarter of 2020 to €19.4 billion. This was mainly due to higher prices and volume growth.
Tove Andersen, currently EVP Yara Europe, has been appointed President and CEO of Tomra Systems ASA. She will take up the new position latest 1 November 2021.
The polyolefins are obtained through Borealis’ chemical recycling technologies, which recycle plastics not suitable for conventional mechanical recycling.
