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 adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

April 14, 2021 14:33 ET (18:33 GMT)

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