Air Products Acquires Remaining 50% Stake in Gasification Technology Joint Venture from China Shenhua Coal to Liquid and Chemical
Transaction Brings Air Products Ownership to 100%, Furthering its Gasification Growth Strategy and Position to Leverage its Complete Technology Portfolio
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LEHIGH VALLEY, Pa. and SHANGHAI, April 14, 2021 /PRNewswire/ Air Products (NYSE: APD) today announced it has completed the acquisition of the remaining 50 percent equity stake in its gasification technology joint venture (JV) with China Shenhua Coal to Liquid and Chemical Co. Ltd., a subsidiary of China Energy Group. Financial terms of the transaction are not being disclosed.
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