Air Products signs investment cooperation agreement with Yankuang Group for facility in China


Air Products has signed an agreement for a $3.5bn coal-to-syngas production facility to be built in China.

The agreement was signed in the Great Hall of the People as part of the Trade Mission to China by the US Department of Commerce in the presence of Donald J. Trump, President of the United States of America, Xi Jinping, President of the People’s Republic of China, Seifi Ghasemi, Air Products’ Chairman, President and CEO, and Li Xiyong, Chairman of Yankuang Group Co., Ltd. The facility will be built in Yulin City, Shaanxi Province, China.

Under the agreement, Air Products and Shaanxi Future Energy Group Co., Ltd. (SFEC), a subsidiary of Yankuang Group, intend to form an Air Products majority-controlled joint venture company which would build, own and operate an air separation, gasification and syngas clean-up system to supply the SFEC site. The air separation units are expected to produce approximately 40,000 tonnes-per-day (TPD) of oxygen (O2) to support the production of about 2.5m nm3/hour of syngas. SFEC would supply coal, steam and power and receive syngas under a long-term, onsite contract.

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