Air Products Agrees To Acquire, Own And Operate Natural Gas-To-Syngas Processing Facility In Qashqadaryo Province, Uzbekistan For $1B
Portfolio Pulse from Benzinga Newsdesk
Air Products has agreed to acquire, own, and operate a natural gas-to-syngas processing facility in Uzbekistan for $1 billion. The facility is part of Uzbekneftegaz JSC's multi-billion gas-to-liquid (GTL) complex, and Air Products will supply oxygen, nitrogen, hydrogen, and syngas under a long-term contract to UNG.
May 25, 2023 | 10:05 am
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Air Products acquires a $1B natural gas-to-syngas facility in Uzbekistan, expanding its operations and securing a long-term contract with UNG.
The acquisition of the natural gas-to-syngas facility in Uzbekistan will expand Air Products' operations and provide a long-term contract with UNG. This will likely have a positive impact on the company's stock price in the short term as it demonstrates growth and increased revenue potential.
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