Air Products' LNG Liquefaction Technology And Equipment Selected For NextDecade's Rio Grande LNG Project
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Air Products (NYSE: APD) has signed agreements with Bechtel Energy Inc. to supply its proprietary LNG process technology and equipment to NextDecade's Rio Grande LNG Phase 1 Project in Texas. The project will include three natural gas liquefaction trains employing Air Products' liquefaction equipment with a production capability of approximately 17.6 million tonnes per annum (MTPA) of LNG. Air Products' coil-wound heat exchangers (CWHEs) and AP-C3MR™ LNG Process technology have been selected for their proven reliability for large-scale LNG production.
August 04, 2023 | 11:28 am
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Air Products' agreement with Bechtel Energy to supply LNG technology and equipment for NextDecade's Rio Grande LNG project could boost its revenues and strengthen its position in the LNG market.
The agreement with Bechtel Energy to supply LNG technology and equipment for NextDecade's Rio Grande LNG project could increase Air Products' revenues and strengthen its position in the LNG market. The company's technology and equipment have been selected for their proven reliability for large-scale LNG production, which could lead to more such deals in the future.
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