PA-Based Air Products Sells LNG Tech Biz to Honeywell for $1.8B

Air Products, headquartered in the Lehigh Valley area of Pennsylvania (Allentown area), once manufactured huge rocket-looking “production trains” or “heat exchangers,” which are pieces of equipment that turn natural gas into liquefied natural gas (LNG), in a plant in Wilkes-Barre, PA. The heat exchangers manufactured by Air Products in Wilkes-Barre were two-thirds of a football field long (180 feet) and used by plants all over the world to condense natural gas into a liquid. Air Products shut down the Wilkes-Barre plant in 2017 (see Air Products Closing Wilkes-Barre LNG Manufacturing Plant). However, Air Products kept operating a second LNG manufacturing plant in Port Manatee, Florida. Yesterday, the company announced that it had completed the process of selling its LNG technology manufacturing business, including the Port Manatee facility, to Honeywell for $1.8 billion.

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