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Air Products Forays into China – Analyst Blog

Zacks Market Commentaries (October 16th, 2009) Writes:
Industrial gases and specialty chemical company, Air Products and Chemicals Inc. (APD) has forayed into the Chinese liquefied natural gas market (LNG) by signing an agreement with Technip to supply Air Products’ LNG process technology and equipment for an LNG project in Yinchuan, China. Technip is a world leader in project management, engineering and construction for the oil & gas industry.  Air Products’ technology will be vital for Technip’s two liquefaction trains each producing 400,000 tons of LNG per annum for Ningxia Hanas Natural Gas Company, Ltd. Ningxia Hanas, formerly known as Yinchuan Natural Gas Company, is mainly engaged in city gas, gas supply to industrial and commercial users, gas heating, gas-fired power generation, gas-fired cogeneration, and environment protection. The units are targeted to be completed in the second half of 2011.  Other terms of the agreement were not disclosed. Air Products has also signed a ...

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