Air Products (AP) recently announced that 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.

AP acquired its initial 50 percent equity stake in the JV as part of its acquisition of GE gasification business from GE Power in 2019. This transaction further strengthens AP’ broader gasification technology portfolio and integrates technical and engineering resources in China.

AP continues its leadership in gasification projects around the world. Last year, AP announced a US$2 billion coal-to-methanol project located in Indonesia.