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Aramco, Air Products, ACWA Power, and Air Products Qudra Sign Asset Acquisition and Project Financing Agreements for $12 Billion ASU/Gasification/Power Joint Venture in Jazan, Saudi Arabia

Aramco, Air Products (NYSE: APD), ACWA Power and Air Products Qudra today announced the signing and finalization of definitive agreements for the asset acquisition and project financing of the $12 billion air separation unit (ASU)/gasification/power joint venture (JV) in Jazan Economic City.

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ARAMCO AT A GLANCE

87 years

of experience

336.87 billion

we manage the Kingdom's proved reserves of 336.87 billion barrels of oil equivalent

70,000

total workforce