Air Products and Chemicals will make an investment of USD five billion in India over the next five years.
The company has an industrial gas complex at Kochi, Kerala for supplying industrial gases to Bharat Petroleum Corporation’s Kochi refinery. Its coal gasification technology is being deployed in the Talcher fertilizer project in Odisha that is being executed by a consortium of public sector undertakings (PSUs).
Apart from these, the company has industrial gases supply operations in the country. Air Products and Chemicals is looking for opportunities to set up industrial gases units in India to cater to sectors like refining, petrochemicals, and manufacturing.
It is in talks with a number of Indian companies–public and private sector–for supplying industrial gases as well as deploying its gasification technologies, but declined to name any of these companies.
Air Products and Chemicals follows the build-own-operate model, under which it invests and builds, owns, and operates industrial gases production units next to the facilities of its clients and supplies industrial gases to clients under long-term contracts. The company's Kochi facility is based on the same model.