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4worldlovers: Air Products to Acquire, Own and Operate Industrial Gas Complex in Uzbekistan

Air Products has signed an investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC (“UNG”) to acquire, own and operate a natural gas-to-syngas processing facility in Qashqadaryo Province, Uzbekistan for US$1 billion.

The natural gas-to-syngas industrial complex is an integral part of state-owned energy company UNG’s multi-billion gas-to-liquid facility―one of the most advanced energy plants in the world.


The project, which is fully aligned with Air Products’ core industrial gas business and competencies, will enable UNG to focus on producing low-cost, high-purity fuels and the Republic of Uzbekistan to meet its growing energy production and societal needs.


NEOM Green Hydrogen Company (NGHC) announced that following the signing of financial documents with 23 local, regional, and international banks, and investment firms, it has now achieved financial close on the world’s largest green hydrogen production facility located in NEOM’s Oxagon region, at a total value of 8.4 billion USD investment. NGHC has also concluded the engineering, procurement, and construction (EPC) agreement with Air Products as their nominated EPC contractor and system integrator for the entire facility.


The energy and environmental challenges facing the planet need innovation and real investment now. We believe hydrogen plays a key role in building a cleaner, more sustainable future. Hydrogen is an ideal solution to address emissions from sectors requiring a high-density energy source, such as heavy-duty transportation and industry, where electrification is not feasible or practical. As the world’s largest hydrogen producer, Air Products has taken major steps to accelerate the energy transition.


Today, there are buses, trucks and other heavy-duty vehicles around the world fueled with hydrogen produced, distributed and supplied by Air Products. We have made an industry-leading commitment of at least $15 billion to clean energy hydrogen megaprojects. Our journey is well underway. Air Products has the technology, the track record, the capital and the ambition as a first-mover to bring the hydrogen economy to scale.


An equal production joint venture of ACWA Power, Air Products and NEOM incorporated in August 2021, NEOM Green Hydrogen Company (NGHC) is establishing the world’s largest green-hydrogen-based ammonia production facility run on renewable energy. This mega-plant will produce up to 600 tonnes of carbon-free hydrogen per day in the form of green-ammonia as a cost-effective solution for transportation globally.


Air Products is the primary EPC contractor and will be the exclusive off-taker of the green ammonia and intends to transport it around the world to be dissociated to produce green hydrogen for the transportation market.

Air Products announced the 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.