Announced
Completed
Financials
Tags
Acquisition
hydrogen plant
Single Bidder
Majority
Completed
United States
Private
Integrated Oil and Gas
Friendly
Domestic
Synopsis
Air Products and Chemicals, an American international chemical industry company, completed the acquisition of five hydrogen plants from PBF Energy, an independent refiner in North America, for $530m. “Air Products has a very strong balance sheet. This puts us in an outstanding financial position to execute our strategy of investing in long-term onsite deals, which includes asset acquisitions like the one we are announcing today. With this acquisition, not only do we gain five SMR plants, but we also secure a long-term hydrogen sale of gas agreement with an existing customer who is one of the largest independent refiners in North America,” Seifi Ghasemi, Air Products Chairman, President and CEO.
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