Honeywell to Acquire Air Products' Liquefied Natural Gas Business
WEBJul 10, 2024 · Honeywell (Nasdaq: HON) and Air Products (NYSE:APD) jointly announced today that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x estimated 2024 EBITDA. As a …
Liquefied Natural Gas Technology & Equipment | Air Products
WEBOur unique ability to integrate the liquefaction process design and critical liquefaction equipment leads to an optimization of performance, costs, operability and reliability that has become the benchmark for the LNG industry. Download Our LNG Experience data sheet.
News Center | Latest News & Updates | Air Products
WEBRead the latest news releases from global industrial gases company Air Products, find news releases using filters, and connect with global media contacts.
Air Products FY24 Q3 Earnings Results | News Release
WEBAug 1, 2024 · Air Products (NYSE:APD) today reported third quarter fiscal 2024 results, including GAAP EPS from continuing operations of $3.13, up 17 percent from the prior year. GAAP net income of $709 million was up 16 percent over the prior year primarily due to a prior year charge for business and asset actions, …
Air Products Completes $1.81 Billion Sale of LNG Business to …
WEB4 days ago · Air Products (NYSE:APD) today announced it has completed the sale of its liquefied natural gas (LNG) process technology and equipment business to Honeywell for $1.81 billion in cash. First announced in July 2024, closing conditions for the transaction have been fully met and regulatory approvals received.
Air Products’ AP-X® LNG Technology and Equipment Selected for …
WEBAug 4, 2020 · Air Products (NYSE: APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, has been selected to provide its proprietary AP-X® Natural Gas Liquefaction Process technology and equipment to Qatargas for the first phase of Qatar Petroleum’s massive LNG production expansion project, commonly known …
Air Products Supplies Two MCHE Replacements for Bintulu LNG …
WEBOct 30, 2023 · Air Products’ contract supply to PETRONAS will consist of MCHE engineering and design, two units of two-bundle MCHEs, continued use of company’s proprietary AP-C3MRTM LNG process technology with associated process licenses, and technical advisory services.
Air Products Announces Successful Performance Test of AP-DMR™ …
WEBMay 6, 2024 · Air Products has announced its dual mixed refrigerant LNG Process technology (AP-DMR™) and equipment, which has been deployed at the Coral South floating liquefied natural gas (FLNG) plant in Mozambique, Africa, has successfully passed its performance test achieving LNG production above 3.4 million tons per year.
Air Products’ LNG Technology Selected for Energia Costa Azul …
WEBFeb 1, 2021 · Air Products (NYSE:APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, has signed an agreement to provide its proprietary LNG technology, equipment and related process license and advisory services to the Energia Costa Azul (ECA) LNG Export Terminal Project.
Air Products’ LNG Liquefaction Technology and Equipment …
WEBAug 2, 2023 · Air Products’ coil-wound heat exchangers (CWHEs) and AP-C3MR™ LNG Process technology have been selected for their proven reliability for large-scale LNG production. The CWHEs will be manufactured at Air Products’ world-class LNG equipment manufacturing facility in Port Manatee, Florida.