Air Products to invest $10 billion in high-tech projects in Uzbekistan

The next item in the business program of the working visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to New York city was a meeting with the Chairman of the Board, President and Chief Executive Officer of Air Products Seifi Gasemi.

The meeting was also attended by US Under Secretary of State for Energy Jeffrey Pyatt.

The issues of further expansion of the strategic partnership with a leading American company, the progress of the implementation of current projects and specific plans for the future were discussed.

Currently, Air Products implements projects in our country for the processing of industrial gases at Uzbekistan GTL, the production of synthesis gas, oxygen and nitrogen, the release of liquefied carbon dioxide on the basis of Navoiazot.

Over the past two years, the company has attracted direct investments in the amount of over $ 1 billion in the development of these projects.

During the conversation, promising projects of coal gasification, production of technical gases, hydrogen and ammonium, as well as utilization of acid gases were considered.

Air Products experts will also take part in the development of the necessary regulatory framework in the field of decarbonization.

In addition, the portfolio of projects includes the introduction of innovative developments in the food industry.

At the end of the meeting, agreements were exchanged on the implementation of a new investment program of Air Products in Uzbekistan worth over $ 10 billion.

For his contribution to the expansion of Uzbek-American multifaceted cooperation and support for irreversible reforms in our country, the President of the Republic of Uzbekistan Shavkat Mirziyoyev personally presented the Chairman of the Board of Air Products Seifi Gasemi with a high state award – the Order of "Dystlik".