Air Products and Yanzhou Mining Group invested 3.5 billion US dollars to build coal-based syngas production facilities

Set Newsweek News Today, witnessed by President Xi Jinping and U.S. President Trump, Air Products chairman, president and chief executive Seifi Ghasemi signed a deal with Li Xi Yong, chairman of Yankuang Group Co., Ltd. Both parties Will invest 3.5 billion U.S. dollars to build a coal-to-gas syngas facility in Yulin, Shaanxi Province, which is signed at the Great Hall of the People and is an agenda visited by a trade delegation led by the U.S. Department of Commerce.

According to the agreement, Air Products Company and Shaanxi Future Energy Group Co., Ltd. (hereinafter referred to as "Shaanxi Future Energy"), a subsidiary of Yankuang Group, planned to set up a joint venture holding a majority stake in Air Products Company to construct, manage and operate a set of empty Gasification and syngas purification systems to supply future energy plants in Shaanxi Province, which are expected to produce about 40,000 tons of oxygen per day to support the production of syngas with capacity of 2.5 million bph per hour. In conjunction with Air Products Under a long-term live gas supply contract signed, Shaanxi Future Energy will supply coal, steam and electricity and will receive syngas.

Air Products currently supplies 12,000 tons of oxygen a day for Shaanxi Future Energy's first-phase project in Yulin, together with Phase II of Shaanxi Future Energy's annual production of 4 million tons of liquid fuel and downstream chemicals, and its Yulin integrated production facility will be China One of the largest coal-to-liquids and chemical production facilities.

Both parties are working hard to finalize the terms of the agreement as soon as possible and the project as a whole is expected to be put into operation in 2021.

Ge Si Min said: 'Air Products Company is pleased to announce that with one of China's largest energy companies based on existing solid cooperation has been a significant expansion of the new agreement confirms Yankuang trust us, these trust comes from one of them Reliable air supply for this phase of the project is another excellent example of the strategic implementation of Air Products, which is to allocate capital to world-class industrial gas projects for profitable growth.

Li Xi Yong said: 'We look forward to working with Air Products Company to further extend the excellent partnership that both parties have established to capitalize on their technology, reliability and expertise to help us produce higher quality fuels and chemicals, drive growth and support sustainable development '