In a resounding testament to international cooperation and technological prowess, Air Products, a global leader in sustainable solutions, has sealed a transformative investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC. This momentous accord paves the way for the establishment of a natural gas-to-syngas processing facility, representing a monumental stride in advancing Uzbekistan's energy sector. With an investment worth a staggering US$1 billion, this endeavor epitomizes the nation's commitment to harnessing its abundant energy resources while embracing sustainability.At the heart of this ambitious project lies the natural gas-to-syngas industrial complex, an integral component of Uzbekneftegaz JSC's gas-to-liquid (GTL) facility. Esteemed as one of the most advanced energy plants worldwide, this GTL complex boasts a remarkable production capacity of 1.5 million tonnes per year of high value-add synthetic fuels. The facility caters to both domestic consumption and potential export opportunities, underscoring its significance in bolstering Uzbekistan's energy independence.Under the comprehensive purchase agreement, Air Products, renowned for its leading on-site business model, assumes responsibility for the acquisition, ownership, and operation of two large-scale air separation units, two large-scale auto-thermal reforming units, and a hydrogen production unit within the Uzbekistan GTL complex. Furthermore, the company commits to supplying oxygen, nitrogen, hydrogen, and syngas to Uzbekneftegaz JSC under a long-term, take-or-pay/fixed fee contract. In turn, Uzbekneftegaz JSC will provide the essential feedstock natural gas and utilities, while also serving as the sole offtaker for all produced products.Seifi Ghasemi, the Chairman, President, and CEO of Air Products, expressed pride in the company's ability to deploy its knowledge, expertise, and cutting-edge technology to support nations worldwide in their sustainable energy endeavors. He highlighted the strategic nature of this acquisition in Uzbekistan, a high-growth environment with robust government backing, emphasizing how Air Products' operational excellence and supply competencies will facilitate the production of low-cost, high-purity fuels. This, in turn, will enable Uzbekistan to meet its expanding energy demands while simultaneously advancing societal needs.
In a resounding testament to international cooperation and technological prowess, Air Products, a global leader in sustainable solutions, has sealed a transformative investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC. This momentous accord paves the way for the establishment of a natural gas-to-syngas processing facility, representing a monumental stride in advancing Uzbekistan's energy sector. With an investment worth a staggering US$1 billion, this endeavor epitomizes the nation's commitment to harnessing its abundant energy resources while embracing sustainability.At the heart of this ambitious project lies the natural gas-to-syngas industrial complex, an integral component of Uzbekneftegaz JSC's gas-to-liquid (GTL) facility. Esteemed as one of the most advanced energy plants worldwide, this GTL complex boasts a remarkable production capacity of 1.5 million tonnes per year of high value-add synthetic fuels. The facility caters to both domestic consumption and potential export opportunities, underscoring its significance in bolstering Uzbekistan's energy independence.Under the comprehensive purchase agreement, Air Products, renowned for its leading on-site business model, assumes responsibility for the acquisition, ownership, and operation of two large-scale air separation units, two large-scale auto-thermal reforming units, and a hydrogen production unit within the Uzbekistan GTL complex. Furthermore, the company commits to supplying oxygen, nitrogen, hydrogen, and syngas to Uzbekneftegaz JSC under a long-term, take-or-pay/fixed fee contract. In turn, Uzbekneftegaz JSC will provide the essential feedstock natural gas and utilities, while also serving as the sole offtaker for all produced products.Seifi Ghasemi, the Chairman, President, and CEO of Air Products, expressed pride in the company's ability to deploy its knowledge, expertise, and cutting-edge technology to support nations worldwide in their sustainable energy endeavors. He highlighted the strategic nature of this acquisition in Uzbekistan, a high-growth environment with robust government backing, emphasizing how Air Products' operational excellence and supply competencies will facilitate the production of low-cost, high-purity fuels. This, in turn, will enable Uzbekistan to meet its expanding energy demands while simultaneously advancing societal needs.
