AI910N 3KDE175513L9100 Today, Honeywell offers pre-treatment solutions for LNG customers worldwide that complement Air Products’ LNG process technology and equipment business to form a complete portfolio that includes the indigenous design and manufacture of wound tube heat exchangers (CWHEs) and related equipment. The coiled tube heat exchanger provides the highest gas throughput in a single exchanger with a small footprint for reliable, stable and safe operation both onshore and offshore.
“While countries around the world continue to build the infrastructure of the future based on renewable energy, natural gas continues to help meet growing and unpredictable global energy demand as a key low-emission, affordable transition fuel.” This highly complementary acquisition will further strengthen our energy transition portfolio.AI910N 3KDE175513L9100 Air Products’ coiled tube heat exchanger technology will immediately expand our base of users and create new opportunities for compound growth in aftermarket service and digitalization through a connected service platform.”
“Our decision to divest our LNG heat exchanger Technology and equipment business reflects Air Products’ continued focus on our two-pillar strategy – growing our core industrial gases business and associated technologies and equipment, and becoming a leader in delivering clean hydrogen at scale to decarbonize the industrial and heavy transportation industries.” The LNG business is a great business. Thanks to the incredible work of our people, it is now at its peak after decades of development and will continue to do so as part of Honeywell’s relevant technology portfolio.”
Industry research shows that the global LNG market has quadrupled in size over the past 20 years and is expected to double in the next 20 years, AI910N 3KDE175513L9100 driven by demand from key end markets including power and data centers.
“The combination of this talented team and the acquired know-how will enable Honeywell UOP to deliver a full range of scalable solutions and services to help our global customers achieve more sustainable and efficient energy practices in their complex transformation journeys.” “
