Air Products' latest asset buyback and long-term gas supply for Jinmei Huayu mark a milestone in Air Products' gasification strategy and continued support for the development of China's clean energy industry.

Air Products supplied two ASUs (with a total capacity of over 4000 tpd) for Jinmei Huayu's Phase One energy project in Jincheng, which uses coal to produce 1 million t of clean fuels annually. The two companies then actively explored further cooperation opportunities and later signed an agreement for Air Products to buy back the two ASUs for approximately US$100 million and provide Jinmei Huayu with long-term, safe and reliable industrial gas supply.

Air Products’ latest project follows the company's major investment with Lu'An in Changzhi, Shanxi Province.