Air Products has announced a new joint venture (JV) with Debang Xinghua Technology Co. Ltd to build, own and operate a new coal-to-syngas processing facility in Jiangsu Province, China.
Air Products will own 80% of the JV, located in the Xuwei National Petrochemical Park of Lianyungang City, and the Debang Group will own 20%.
The JV will own and operate the air separation unit, gasification and purification assets under a 20-year contract for a fixed monthly fee, supplying syngas to support Debang Group’s 350,000 tons-per-year chemicals facilities. The project is expected to be on-stream in 2023, gasworld understands, and represents a strategic investment of around $250m.
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