9 January 2018
Shell's Coal Gasification Fact Sheet
Shell's Residue Gasification Factsheet
DETAILS
Air Products (NYSE: APD) today announced
an agreement to acquire
Royal Dutch Shell plc’s (Shell’s)
* Coal Gasification Technology business as well as
* Shell’s patent portfolio for Liquids (Residue) Gasification.
Financial terms are not being disclosed,
and the acquisition is expected to close in the coming months.
As a leading industrial gas company,
Air Products has extended its onsite supply model
to use coal gasification
to generate synthesis gas (syngas) for major projects.
Acquiring Shell’s coal gasification process capabilities
will further support previously announced projects by Air Products,
such as Lu’Anin Changzhi, Shanxi Province, China,
and future projects.
View Shell's Gasification Brochure
Shell has been at the forefront of gasification innovation
over the past 50 years.
Gasification technologies offer a way to take
varied lower-value feedstocks and convert them
in a lower-emission manner into syngas.
Air Products can then provide this syngas
to customers to make higher-value products.
In addition, the two companies also have formed
a strategic alliance in Liquids Gasification
to provide a range of solutions to the market, including
engineering, procurement and construction activities
and plant operations, as well as technology licensing.
Chairman, President and Chief Executive Officer at Air Products
“The acquisition of Shell’s technology,
already in operation at more than 20 coal gasification plants,
gives us access and opportunities
to fully explore outsourcing options
to produce and supply syngas
for customers planning to use gasification,”
Ghasemi emphasized this acquisition supports
Air Products’ continued focus on
providing a full scope of industrial gases,
rather than a strategic shift into technology licensing.
In addition, the two companies also have formed
a strategic alliance in Liquids Gasification
to provide a range of solutions to the market, including
engineering, procurement and construction activities
and plant operations, as well as technology licensing.
Air Products looks forward to an important role
as a project operating partner
for the supply of industrial gases
in the strategic alliance and leveraging Shell’s technology lead
in the liquids gasification area, as demonstrated at
the world-scale Jazan combined Gasification/Refinery project
in Jazan Economic City, Saudi Arabia.
Air Products Contact Information
Press Contact
Air Products and Chemicals, Inc.
7201 Hamilton Boulevard
USA
Investor Contact
Air Products and Chemicals, Inc.
7201 Hamilton Boulevard
Allentown, PA 18195-1501
USA(610) 481-2729
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