Air Products has signed a $1bn investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC (UNG) to acquire, own, and operate a natural gas-to-syngas processing facility in Qashqadaryo Province, Uzbekistan.
Under terms of the deal, Air Products will be responsible for two large-scale air separation units, two large-scale auto-thermal reforming units, and a hydrogen production unit within the Uzbekistan GTL complex.
The industrial gas giant will also take on a long-term take-or-pay/fixed fee contract with UNG for the supply of oxygen, nitrogen, hydrogen, and syngas. UNG will supply the feedstock natural gas and utilities and offtake all products.
Seifi Ghasemi, Chairman, President and CEO of Air Products, said he is excited to build on the long-term, sustainable partnership and future opportunities in Uzbekistan and the Central Asia region.
... to continue reading you must be subscribed