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Honeywell agreed to acquire Air Products' liquefied natural gas process technology and equipment business, including coil-wound heat exchanger manufacturing, for $1.81 billion in cash, about 13x estimated 2024 EBITDA.
Air Products awarded MAN Energy Solutions an order for six air-compressor trains for the air-separation unit of its Clean Energy Complex in Darrow, Louisiana, which will produce blue hydrogen and blue ammonia. The article is dated July 17, 2023.
MAN Energy Solutions won an order from Air Products for six air-compressor trains for an air-separation unit at Air Products' Clean Energy Complex in Darrow, Louisiana. The complex will produce blue hydrogen and blue ammonia and is expected to start commercial operation in 2026.
Air Products won a contract from Qatargas to provide its liquefaction technology and equipment for Qatar's North Field East LNG expansion project.
Air Products will provide four Main Cryogenic Heat Exchangers for Sonatrach's GL1Z LNG facility in Arzew, Algeria, replacing units installed in the late 1970s. Each exchanger has 1.3 million tonnes per year of production capacity.
MHI Compressor International will supply syngas and ammonia refrigerant compressor trains for Gulf Coast Ammonia's ammonia plant in Texas City, Texas, which Air Products will build and operate.
Air Products was selected to supply its AP-X liquefaction technology and equipment to Qatargas for the first phase of the North Field East LNG expansion in Ras Laffan, Qatar, with four trains of 7.8 million tonnes per year each.
Air Products was awarded a contract by MEMC Korea, a GlobalWafers subsidiary, to supply a new 300mm silicon wafer fab in Cheonan, South Korea, including an on-site nitrogen generator, liquid argon and operation and maintenance services.
Air Products Korea signed an MOU with Chungcheongnam-do province to invest $30 million over five years in building industrial gas production and storage facilities at its Cheonan foreign investment zone plant.
Air Products agreed to provide its proprietary AP-C3MR liquefaction technology, equipment and process license for the three-train Golden Pass LNG export facility in Sabine Pass, Texas, which is due to start up in 2024. Value was not disclosed.
Air Products has been awarded additional gaseous nitrogen and hydrogen supply for Samsung Electronics' Giheung fab in South Korea. It will build a new air separation unit, several hydrogen plants and pipelines, scheduled to be operational in 2020.
Air Products appointed Dr. Samir J. Serhan as executive vice president, leading its Technology, Engineering and Manufacturing functions excluding HyCO, with profit and loss responsibility for the Liquefied gases business.
