Air Products has successfully completed the acquisition of the Coal Gasification Technology licensing business from Shell Global Solutions International B.V., a subsidiary of Royal Dutch Shell plc, and formed a strategic alliance with Shell for residue gasification technology to refinery complexes.
The acquisition includes Shell’s associated patent portfolios for solids (coal and biomass) gasification and sharing of patent rights for residue and biomass gasification. Financial terms are not being disclosed for the agreement, initially announced in January.
Air Products to acquire Shell’s Coal Gasification Technology business
These moves extend Air Products’ offerings in synthesis gas (syngas) to provide turn-key sale-of-gas gasification facilities for solids (coal and biomass) and liquids (refinery residues). In its sale-of-gas business model, Air Products finances, builds, owns, operates and maintains the gas production plant, enabling customers to focus attention and capital on their primary business.
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