Air Products has bought back two air separation units (ASUs) from a subsidiary of China’s coal mining conglomerate Shanxi Jincheng Anthracite Coal Mining Group.
The Tier One company supplied the 4,000 tonnes per day ASUs for Shanxi Jinmei Huayu Coal Chemical’s (Jinmei Huayu) Phase One energy project in Jincheng, which uses coal to produce mone million tonnes of clean fuel annually.
The two companies then actively explored further cooperation opportunities and later signed an agreement for Air Products to buy back the two ASUs for approximately $100m and provide Jinmei Huayu with long-term, safe and reliable industrial gas supply.
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