Air Products has acquired all engineering and service capabilities to continue serving Rotoflow customers. The transaction has closed, although financial terms will not be disclosed.
Air Products claims that this acquisition extends Air Product’s existing industrial and LNG turpoexpander capabilities into growing hydrocarbon, petrochemical and energy segments.
Air Products Executive Vice President, Samir J. Serhan, said: “Air Products already provides key proprietary equipment, services and industrial gases to many existing Rotoflow customers, and we are looking forward to expanding those relationships.”
Air Products has designed and manufactured more than 1600 high quality turboexpanders as an integral part of large industrial gas and LNG projects. Recent projects include the world’s largest industrial gases facility in Jazan, Saudi Arabia, and the proprietary LNG technology provided for the floating LNG projects offshore Malaysia. Both projects made use of Air Products’ turboexpander technology. The integration of Rotoflow technology will improve the company’s existing capabilities.
According to the statement, the combination of the existing Air Products and Rotoflow turboexpander capabilities will be integrated into a new Air Products business division called ‘Rotoflow, an Air Products Business’.
Luca Maria Rossi, Vice President Product Management of BHGE's Turbomachinery & Process Solutions, said: “We are confident Air Products will be a great home for the Rotoflow turboexpander business.
“BHGE will continue to supply turboexpander units and related services, which are suitable for a variety of gas processing and other industrial applications, under the trade name of Nuovo Pignone™.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23082018/air-products-acquires-rotoflow/