LNG

Honeywell, the US technology group, has agreed to acquire the liquefied natural gas process technology and equipment business of global leader Air Products for $1.81 billion in an all-cash transaction.

Air Products, the leading global supplier of LNG equipment and a growing global player in industrial gases and large-scale green fuel and power projects, reported an increase in fiscal fourth-quarter net income as annual net profits again soared over $2 billion.

Air Products, the US LNG equipment-maker and industrial gases company with several mega-projects in the Middle East and Asia, has signed a deal with the Uzbekistan Government and the national gas company to acquire a gas-to-syngas facility for $1 billion in the former Soviet republic.

Air Products, the LNG equipment-maker and industrial gases company with several mega-projects in the Middle East and Asia, boosted its backlog with four new liquefied natural gas orders and remains the world leader in the sector.

Air Products, the world leading LNG-equipment maker and industrial gases and chemicals company, has successfully issued its registered green bonds amounting to a total of over $1.34 billion in dollars and euros.

Air Products, the LNG equipment-maker now branching out with mega-projects in the Middle East and with a growing gasification business in China, reported fiscal first-quarter sales of $3 billion and higher net income.

US LNG equipment-maker and industrial gases company Air Products has signed a $12-billion project financing and assets agreement for a gasification and power venture for Jazan Economic City with partners Saudi Arabia Oil Company (Aramco) and Saudi firm ACWA Power.

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.

Air Products, the leading provider of LNG equipment and processing and industrial gases, reported a fiscal quarterly increase of 5 percent in sales to $2.4 billion, though net income remained flat over the three months as orders included one for Mexico’s first LNG export project.

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.