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air products announced financial close and transfer of the second group of assets for the $12 billion gasification and power joint venture (jv) with aramco, acwa power and air products qudra in the jazan economic city (“jazan”), saudi arabia. 

the jv’s purchase of this second group of assets at jazan follows the successful asset acquisition and project financing transactions for the first group of assets completed in late october 2021.

the jv serves aramco’s jazan refinery, a megaproject to process 400,000 barrels per day of the crude oil to produce the main products such as ultra-light sulphur diesel, gasoline, and other products.

when lu'an, a leading clean energy company in china, needed a partner for their world-scale gasification project in changzhi city, shanxi province, china, they turned to us. the mega-project, involving four large air separation units, four gasifiers and two syngas clean-up systems, supports one of china's landmark clean energy demonstration projects. 

the four asus built by air products combine to supply over 10,000 tons per day (tpd) of oxygen and more than 6,000 tpd of nitrogen to the changzhi site. the gasifiers, which are four of the largest and most efficient in the world, employ air products' gasification technology for converting coal to chemicals. each gasifier converts ~3,000 tpd of coal into synthesis gas that is further purified and converted into clean transportation fuels by lu'an. 

the air products team brought the gasification plant up to stable operation in record time, further establishing our engineering expertise and operational excellence as the world's premier gasification company.