Air Products, based in Lehigh Valley, Pa., has announced the acquisition of Saneg's hydrogen production assets at the Fergana Oil Refinery in Uzbekistan for $140 million. This strategic move is aligned with the refinery's modernization process and aims to optimize production capabilities. The acquisition is expected to facilitate wider commercial use of hydrogen in Uzbekistan's industrial production market. Saneg's founder expressed optimism about the partnership with Air Products, highlighting the expertise that will support Uzbekistan's oil and gas sector and economic development. The agreement is seen as crucial for enhancing the nation's energy security by increasing domestic hydrogen supplies. Air Products, known for being the world's largest hydrogen supplier, emphasized the role of its advanced technology in fostering sustainable and energy-independent operations in Uzbekistan. The Fergana Refinery's modernization efforts include implementing the hydrocracking process and expanding fuel processing depth to produce Euro-5 diesel fuel and aviation kerosene. One of the key goals of the modernization initiative is to industrialize hydrogen production, with Air Products supplying two Pressure Swing Adsorption (PSA) units for this purpose. The acquisition includes a steam methane reforming (SMR) unit to ensure reliable hydrogen production from natural gas or LPG. The deal, expected to close in Q4 2024, underscores Air Products' commitment to delivering innovative solutions for the industry and strengthening its presence in the Uzbekistan market.