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Air Products (NYSE: APD), Lehigh Valley, PA, completed its acquisition of the Coal Gasification Technology licensing business from Shell Global Solutions International B.V., a subsidiary of Royal Dutch Shell plc, and formed a strategic alliance with Shell for residue gasification technology to refinery complexes.
The acquisition includes Shell's associated patent portfolios for solids (coal and biomass) gasification and sharing of patent rights for residue and biomass gasification.
The moves extend Air Products' offerings in synthesis gas (syngas) to provide turn-key sale-of-gas gasification facilities for solids (coal and biomass) and liquids (refinery residues).