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Green Hydrogen H2 News

Air Products exits Indonesia coal gasification to focus on hydrogen

Anela DoksoBy Anela Dokso24/03/20231 Min Read
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After confirming that it is no longer associated with the coal-to-methanol Bengalon, East Kalimantan, Indonesia project or any other coal gasification projects in Indonesia, Air Products is concentrating on hydrogen.

The business claimed to have invested $2 billion in the project in May 2020.

The opportunity for Air Products to invest in these global energy transition projects has increased as a result of the considerable changes in the financial environment for blue and green hydrogen projects over the past year. Air Products said in a statement that the company has opted to refocus its financial resources on such energy transition prospects.

In Indonesia, Air Products is still committed to growing its industrial petrol business there.

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