Air Products to invest $2bn for coal-to-methanol project in Indonesia

Air Products to invest $2bn for coal-to-methanol project in Indonesia

Air Products will invest about $2bn to build, own and operate the air separation, gasification, syngas clean-up, utilities and methanol production assets to produce methanol for Bakrie and Ithaca.. Ithaca Resources' president director, said, "We are very proud to collaborate in this strategic project with Air Products, the world leader in coal gasification.. Air Products continues its leadership in gasification projects around the world.. In addition to the new project in Indonesia, Air Products is executing a number of gasification projects in China as well as the Jazan project in Saudi Arabia..