Air Products, the leading provider of LNG equipment, reported a 3 percent decline in fiscal second-quarter net profits as it continued as the main LNG processing technology provider while building up a global industrial gases business with projects progressing in nations such as Malaysia, China, Saudi Arabia and South Korea.

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Air Products, the US global leader in the supply of liquefied natural gas process technology and equipment and the owner and operator of industrial gases projects, has extended the term in office of Chairman, President and Chief Executive Seifi Ghasemi through to September 30, 2025.

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Air Products, the US LNG equipment-maker and industrial gases company, has signed an agreement to acquire the General Electric gasification business, including more than 1,000 patents relating to GE gasification technology.

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