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Markets :: Industrial Gases
Air Products Acquires ASU and Liquefier from Chinese Coal Mining Company
10:26 AM MDT | September 13, 2012 | Lindsay Frost
Air Products says it has acquired an air separation unit (ASU) and integrated gas liquefier at Guiyang, China from Guizhou Kaiyang Chemical—a joint venture owned by the Yankuang Group (Shandong, China). Air Products will supply Guizhou Kaiyang Chemical’s coal-to-ammonia facility with 2,000 tons/day of gaseous oxygen and nitrogen to be sold under a long-term contract. The liquid products will be sold mostly to industries in the region, as well as Guizhou Kaiyang. Financial terms of the agreement were not disclosed, but the ASU and liquefier are...
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