Air Products and Chemicals Inc had an agreement to acquire Royal Dutch Shell plc’s (Shell’s) coal gasification technology business as well as Shell’s patent portfolio for liquids (residue) gasification. The acquisition is expected to close in the coming months.
As a leading industrial gas company, Air Products has extended its onsite supply model to use coal gasification to generate synthesis gas (syngas) for major projects. Acquiring Shell’s coal gasification process capabilities will further support previously announced projects by Air Products, such as Lu’Anin Changzhi, Shanxi Province, China, and future projects.
Shell has been at the forefront of gasification innovation over the past 50 years. Gasification technologies offer a way to take varied lower-value feedstocks and convert them in a lower-emission manner into syngas. Air Products can then provide this syngas to customers to make higher-value products.
Shell has been at the forefront of gasification innovation over the past 50 years. Gasification technologies offer a way to take varied lower-value feedstocks and convert them in a lower-emission manner into syngas. Air Products can then provide this syngas to customers to make higher-value products.
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