[ad_1]
Industrial conglomerate Honeywell International Inc. sees a future fueled by natural gas, CEO Vimal Kapur said. To that end, the company is expanding its global LNG prowess with the takeover of Air Products’ liquefied natural gas process technology and equipment business.
Charlotte, NC-based Honeywell agreed to pay $1.81 billion for the Air Products unit. Allentown, PA-based Air Products provides industrial gasses, related equipment and applications expertise for customers worldwide. It has expertise in the LNG, refining, chemical, metals, electronics, manufacturing, and the food and beverage industries.
Air Products’ LNG business develops, engineers, builds, owns and operates some of the world’s largest industrial gas projects.
[ad_2]
Source link
