2023-05-25 06:42:22 ET
Air Products & Chemicals ( NYSE: APD ) said Thursday it agreed to acquire and operate a natural gas-to-syngas facility in Uzbekistan for $1B.
The plant is part of the state-owned Uzbekneftegaz JSC's multi-billion-dollar gas-to-liquid facility, which produces 1.5M metric tons/year of high value-add synthetic fuels for domestic use and potentially export.
Under the deal terms, Air Products ( APD ) will own and operate two air separation units, two auto-thermal reforming units and a hydrogen production unit within the Uzvekistan gas-to-liquid complex, and supply oxygen, nitrogen, hydrogen and syngas under a contract to Uzbekneftegaz JSC.
Uzbekneftegaz will supply the feedstock natural gas and utilities and offtake all products.
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For further details see:
Air Products to buy Uzbekistan gas-to-syngas plant for $1B