Air Products today said it has completed the acquisition of General Electric Company’s (GE) gasification business and technology from GE Power.
The acquisition includes GE’s share of its 50/50 joint venture with China Shenhua Coal to Liquid and Chemical Company, a subsidiary of China Energy Group.
Formed in 2012, the joint venture provides technologies for gasification projects in China.
Seifi Ghasemi, Chairman, President and CEO of Air Products, said. “The successful acquisition of the GE gasification technology further supports our long-term, strategic focus on gasification.”
“This acquisition, combined with our other capabilities, gives us the ability to provide a complete solution to our customers, including financing, technology, engineering, construction, and operation of large syngas projects.”
“We welcome the experienced and talented GE gasification team and look forward to supporting them to further grow the business.”
Financial terms of the acquisition were not disclosed.
gasworld revealed Air Products intention to acquire GE’s gasification business back in November (2018).
Seifi Ghasemi is the opening keynote speaker at gasworld’s upcoming Middle East and North Africa (MENA) Industrial Gas Conference in December. For more information, or to book your place, click here.