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


(END) Dow Jones Newswires

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

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