17 October 2012 19:26 [Source: ICIS news]
HOUSTON (ICIS)--Air Products has signed an agreement to form an industrial gases joint venture (JV) in ?xml:namespace>
“Our new venture with ACWA complements Air Products' existing presence in Saudi Arabia and the GCC [Gulf Cooperation Council], providing a strong platform to further grow our business there by partnering with prime Saudi industrial investors and developers, such as ACWA," said Howard Castle-Smith, Air Products' regional vice president -Tonnage Gases Europe and Middle East.
ACWA owns and develops facilities in fields such as power generation, water desalination and treatment, sewage water treatment, district cooling, and waste management.
Financial terms were not disclosed.
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