Air Products completes $530m hydrogen acquisition


Air Products has completed the $530m acquisition of five steam methane reformer hydrogen production plants from PBF Energy and has commenced the long-term supply of hydrogen from those plants to PBF refineries.

As reported by gasworld late last month, the newly acquired plants, with a combined production capacity of almost 300 million standard cubic feet per day, are located in Torrance and Martinez, California and Delaware City, Delaware.

Air Products to acquire five hydrogen plants through $530m agreement

“We are very pleased that in close cooperation with our long-standing partner PBF, which is one of the largest independent refiners in North America, that we have been able to close on this transaction in record time,” said Seifi Ghasemi, Chairman, President and CEO at Air Products.

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