Air Products Acquires Remaining 50% of JV from China Energy Group Subsidiary

By Adriano Marchese

Air Products & Chemicals Inc. said Wednesday that it has acquired the remaining 50% stake in its gasification technology joint venture from a subsidiary of China Energy Group.

The company--which sells gases and chemicals for industrial uses--said that the acquisition from China Shenhua Coal to Liquid & Chemical Co. for an undisclosed amount brings its ownership to 100%.

"This transaction further strengthens Air Products' broader gasification technology portfolio and integrates technical and engineering resources in China," the company said.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

04-14-21 1433ET