Air Products (APD) Acquires ASU and Integrated Liquefier in China
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Air Products (NYSE: APD) today announced it has acquired an air separation unit (ASU) and integrated gases liquefier in Guiyang, China from Guizhou Kaiyang Chemical Co., Ltd. The ASU will produce approximately 2,000 tons per day (TPD) of gaseous oxygen and nitrogen to be supplied to Guizhou Kaiyang Chemical's coal to ammonia facility under long-term contract. Liquid product will be sold predominantly to the region's industries on the merchant market, with some also being sold to Guizhou Kaiyang Chemical. The Air Products owned ASU and liquefier are to be onstream in October 2012.
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