Honeywell, a conglomerate corporation, agreed to acquire liquefied natural gas process technology and equipment business from Air Products, a corporation whose principal business is selling gases and chemicals for industrial use, for $1.8bn. "While the world continues to build the renewables-based energy infrastructure of the future, natural gas is a critical lower-emission and affordable transition fuel that will help meet ever-increasing and dynamic global energy demands," Vimal Kapur, Honeywell Chairman and CEO.