Air Products and Takamul Investment Company, a subsidiary of the Oman Oil Company, announced they have signed a joint venture agreement to establish an integrated industrial gases venture, which will become a one-stop provider for a full range of industrial gases such as hydrogen, nitrogen and oxygen for all customers in the Special Economic Zone at Duqm (SEZAD), Oman.
The joint venture will support the economic development of the Special Economic Zone at Duqm and will enhance its competitiveness to attract further industrial investments. It will also aim to deliver the highest operational excellence by leveraging Air Products’ world-class capabilities in large industrial gas plant design, pipeline infrastructure development and operational know-how, as well as Takamul’s strong multi-utility infrastructure position in Duqm, via its Centralised Utility Company (CUC).
Commenting on the formation of the new joint venture, Thomas Wendahl, regional vice president of Air Products - Middle East, said, “This new joint venture will truly be of mutual benefit. It will help to strengthen Air Products’ presence in Oman, enabling the growth of our business in the emerging industrial area of Duqm, while complementing Takamul’s investment portfolio in Oman with the addition of a commercial stake in industrial gases.”
Air Products and thyssenkrupp Sign Exclusive Strategic Cooperation Agreement
Air Products and thyssenkrupp Uhde Chlorine Engineers announced the signing of a Strategic Cooperation Agreement (SCA). The two companies will collaborate exclusively in key regions, using their complementary technology, engineering and project execution strengths to develop projects supply ... more
Evonik successfully completes acquisition of Air Products specialty additives business
Evonik Industries AG has completed the activities to acquire the specialty additives business (Performance Materials Division) of the US company Air Products, Inc. for US$3.8 billion (approx. €3.5 billion) by the end of the year as planned. The closing is scheduled for January 03, 2017. All ... more
Air Products announced that two of its projects have successfully been awarded funding from the Hydrogen Refuelling Stations (HRS) Infrastructure Grants Scheme, run by the Office for Low Emission Vehicles (OLEV).Aimed at enhancing user experience, the funding will be used to upgrade two of ... more
Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions ... more
Air Products is a leading global supplier of industrial gases more
Oman Oil and Oxea Cooperate with German University of Technology
The Oman Oil Company (OOC) together with its subsidiary, the chemical company Oxea, has signed an agreement with the German University of Technology (GUtech) in Maskat, Oman. According to this agreement, GUtech, a private university that is associated with the RWTH Aachen (University of Tec ... more
Oman Oil Company concluded acquisition of Oxea
Oman Oil Company (OOC) has successfully concluded the acquisition of Oxea which was announced in October. The purchase price was not disclosed. Oxea is one of the largest global manufacturers of Oxo chemicals. With the acquisition, OOC aims to become a vertically integrated global chemical ... more
Oman Oil Company acquires Oxea
Advent International announced its divestment from Oxea, one of the largest global manufacturers of Oxo chemicals. Oman Oil Company (OOC), a commercial company wholly owned by the Government of the Sultanate of Oman, will acquire Oxea to strengthen its position in the global chemicals secto ... more
