Air Products and Chemicals Inc. and Yankuang Group Company Limited Inked Agreement
CHEMMONITOR.COM – The US-based international corporation Air Products and Chemicals, Inc. and China-based coal mining company Yankuang Group Company Limited inked an agreement, according to which the parties are set to build a coal-to-syngas production facility assessed at USD 3.5 billion. The facility will be constructed at the site in Yulin City (Shaanxi Province, China). Moreover, under the agreement, Air Products and Yankuang Group’s subsidiary Shaanxi Future Energy Group (SFEC) will establish a new JV company.
The future JV will construct, own and manage an air separation, gasification and syngas clean-up system to cater to the SFEC site.