Taiyo Nippon Sanso Corporation (TNSC) has reached an agreement with Linde Gas North America LLC (Linde America) to acquire a portion of its HyCO business and related assets in the US through its wholly-owned subsidiary, Matheson Tri-Gas, Inc.
Through the $413,070,000 acquisition, Matheson will acquire the hydrogen (H2) and carbon monoxide (CO) Steam Methane Reforming (SMR) plants in five locations, pipelines and remote supervision systems.
HyCO represents hydrogen (H2) and carbon monoxide (CO) which are separated from natural gas and other gases through Stem Methane Reforming (SMR) and other equipment. The HyCO business provides large-scale supply of H2 and CO to customers in oil refining and petrochemical industries by way of a pipeline.
In its aim to expand in the gas technology field, TNSC has decided on a full-scale entry in the HyCO business for the perspective of strengthening its proposal capabilities with enchantments to its product line-up.
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