ACWA of Saudi Arabia which partners with US LNG leader Air Products on smart-city energy to hold IPO
Saudi Arabian utility company ACWA Power International, a project partner in green hydrogen with US LNG equipment-maker and industrial gas company Air Products, has launched an initial public offering (IPO) to list its shares on the Saudi stock exchange, the Tadawul.
Saudi wealth fund takes bigger stake in joint venture partner of LNG equipment-maker Air Products
The Public Investment Fund of Saudi Arabia, the nation’s sovereign wealth fund, has increased its stake in utility company ACWA Power, whose joint venture partner in a major Saudi green-hydrogen project is US LNG-equipment supplier Air Products of the US.
US LNG equipment-maker Air Products reports rise in fiscal full-year profits amid major LNG contract wins
US LNG equipment-maker and provider Air Products posted a rise of 7 percent in fiscal full-year net income to $1.93 billion as it was awarded three major LNG contracts for plants in Mozambique in southeast Africa, Qatar and Algeria.
