Air Products inks $1bn deal to acquire, own and operate industrial gas complex in Uzbekistan
Muzaffar Ismailov in Tashkent 30 May 2023
US corporation Air Products and Chemicals has announced a $1bn deal with the Uzbek government and state-owned Uzbekneftegaz (UNG) to acquire, own and operate a natural gas processing facility in the country.
UNG runs a 1.5mn tonne/year natural gas-to-syngas industrial complex is an integral part of Uzbekistan GTL [gas-to-liquids] facility. Under the deal, Air Products will by 2025 acquire, own and operate two large-scale air separation units, two large-scale auto-thermal reforming units and a hydrogen production unit within the and supply oxygen, nitrogen, hydrogen and syngas specified by a long-term contract.
The production complex is located in the Karakul Free Economic Zone situated in Uzbekistan's Bukhara region.
"The project, which is fully aligned with Air Products’ core industrial gas business and competencies, will enable UNG to focus on producing low-cost, high-purity fuels and the Republic of Uzbekistan to meet its growing energy production and societal needs," said Air Products.
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