Air Products & Chemicals Inc. (APD) announced the completion of the divestment of its liquefied natural gas (LNG) process technology and equipment business to Honeywell for $1.81 billion in cash. All closing conditions of the transaction, which was first announced in July 2024, have been met. All regulatory approvals have been received as well. The sale of the LNG process technology and equipment business is strategic, reflecting Air Products' profound commitment to its two-pillar growth strategy. The strat ...

Honeywell International Inc. (HON) has completed the acquisition of Air Products and Chemicals, Inc.’s (APD) liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in cash. This marks Honeywell’s fourth acquisition so far this year.HON’s shares lost 0.44% yesterday to eventually close the trading session at $206.71.Headquartered in Pennsylvania, Air Products produces atmospheric, process and specialty gases for various industries, such as refining, chemicals and healthcare. ...

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$1 Billion investment part of long-term decarbonization strategyPHILADELPHIA, Sept. 30, 2024 /PRNewswire/ -- Matson, Inc. ("Matson"; NYSE: MATX) today announced the start of construction on the first of three new "Aloha Class" containerships designed for its Hawaii and China-Long Beach Express (CLX) services. After a small ceremony at Philly Shipyard in Pennsylvania, the cutting of steel plates began, initiating the work to build the ships for delivery to Matson in 2026 and 2027.Matson ‘Aloha Class’ contain ...

It's been over three years since I last covered Dynagas LNG (NYSE: DLNG ). In the two articles I published in 2021, I highlighted that investing in the partnership (what I may refer to as a companyHe is a contributing author to the investing group Wheel of Fortune where they share actionable trading ideas across all asset-classes, sectors and industries. The goal of the service is to provide a one-stop-shop for investment and portfolio ideas, while educating the vibrant community of subscribers. Features of ...

Editor's note: Seeking Alpha is proud to welcome Artem Lishchuk as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.I’m a student in the Business Administration program and an individual investor and investment enthusiast. I’m a fundamental value investor seeking Growth at a Reasonable price stock or Value Investments in the USA and across emerging market ...

Exxon Mobil Corporation (XOM) has signed an agreement with Guangdong Energy Group in Chinato to use its new LNG receiving terminal for 20 years. The $1 billion LNG receiving terminal is located in Huizhou in the Guangdong province. This terminal is expected to begin commercial operations in the upcoming week, per Reuters.The LNG terminal has the capacity to handle 4 million metric tons of liquefied natural gas per year. Furthermore, for trial operations, the terminal has received its initial cargo from the ...

The LNG market is poised to rapidly expand. Export terminals and LNG shipping companies are getting the bulk of the focus from the investment community. However, the receiving end of the value chain has little to no coverage. The regasificationI am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rent ...

Golar LNG (GLNG) ,a Bermuda-based company, is set to enhance its floating LNG production capabilities. The company has signed an Engineering, Procurement and Construction (“EPC”) agreement worth $1.6 billion with CIMC Raffles for a new MK II Floating LNG Production (“FLNG”) vessel. The vessel will have an annual liquefaction capacity of 3.5 million tons of LNG per annum.This agreement represents a strategic investment in advanced technology and modular construction, which should enhance operational efficien ...

TotalEnergies SE (TTE) announced that it has signed a Heads of Agreement with BOTAS for delivering 1.1 million tons per year (Mtpa) of liquefied natural gas (LNG) for 10 years. It will start delivering from 2027.This agreement is in sync with TotalEnergies’ strategy to grow its long-term LNG sales. Through this deal, TTE can fortify its long-term position in the Turkish LNG market. It should also enable the company to reduce its exposure to spot market gas price fluctuations.Natural gas is an essential sour ...