{"id":175976,"date":"2023-05-25T11:39:12","date_gmt":"2023-05-25T11:39:12","guid":{"rendered":"https:\/\/precoinnews.com\/?p=175976"},"modified":"2023-05-25T11:39:12","modified_gmt":"2023-05-25T11:39:12","slug":"air-products-to-buy-natural-gas-to-syngas-processing-facility-in-uzbekistan-for-1-bln","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/industries\/air-products-to-buy-natural-gas-to-syngas-processing-facility-in-uzbekistan-for-1-bln\/","title":{"rendered":"Air Products To Buy Natural Gas-to-syngas Processing Facility In Uzbekistan For $1 Bln"},"content":{"rendered":"
Industrial gases company Air Products And Chemicals Inc. (APD) announced Thursday a deal to acquire, own and operate a natural gas-to-syngas processing facility in Qashqadaryo Province, Uzbekistan for $1 billion.<\/p>\n
The company has signed an investment agreement with the Government of the Republic of Uzbekistan and state-owned energy company Uzbekneftegaz JSC or UNG for the industrial gas complex at Uzbekneftegaz’s advanced gas-to-liquids facility.<\/p>\n
The natural gas-to-syngas industrial complex is an integral part of Uzbekneftegaz’s multi-billion gas-to-liquid facility. It produces 1.5 million tonnes per year of high value-add synthetic fuels for domestic use and potentially export.<\/p>\n
Under the deal, Air Products will acquire, own and operate two large-scale air separation units, two large-scale auto-thermal reforming units, and a hydrogen production unit within the Uzbekistan GTL complex. It will supply oxygen, nitrogen, hydrogen and syngas under a long-term, take-or-pay\/fixed fee contract to UNG.<\/p>\n
UNG will supply the feedstock natural gas and utilities and offtake all products.<\/p>\n
Air Products’ Chairman, President and CEO SeifiGhasemi said, “With this strategic acquisition in Uzbekistan, a high-growth environment underpinned by strong government support, we will bring our best-in-class operational and supply competencies to bear. This will enable UNG to seamlessly produce low-cost, high-purity fuels that enable the Republic to meet its growing energy production and societal needs.” <\/p>\n