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Air Products to Acquire Shell's Coal Gasification Technology Business and Patent Portfolio for Liquids Gasification

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Air Products ( APD ), a provider of industrial gases, said pre-market Tuesday it has agreed to acquire Royal Dutch Shell's (RDS.A, RDS-A, RDS/A, RDS.B, RDS-B, RDS/B) Coal Gasification Technology business as well as Shell's patent portfolio for Liquids (Residue) Gasification.

Financial terms weren't disclosed.

The acquisition is expected to close in the coming months.

Air Products has now extended its onsite supply model to use coal gasification to generate synthesis gas (syngas) for major projects.

Acquiring Shell's coal gasification process capabilities will further support previously announced projects by Air Products, such as Lu'An in Changzhi, Shanxi Province, China, and future projects.

Shell has been at the forefront of gasification innovation over the past 50 years. Gasification technologies offer a way to take varied lower-value feedstocks and convert them in a lower-emission manner into syngas.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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