Air Products has announced a deal to divest its liquefied natural gas (LNG) process technology and equipment business to Honeywell for $1.81bn in cash. This move is aimed at sharpening Air Products' focus on its strategic pillars, particularly the expansion of its industrial gas business and leadership in clean hydrogen. The acquisition will enable Honeywell to offer a complete solution for natural gas pre-treatment and liquefaction, integrating advanced digital automation technologies. The CEOs of both companies, Seifi Ghasemi and Vimal Kapur, expressed optimism about the deal's potential to drive growth in the energy transition sector and enhance their respective portfolios. The LNG market's significant growth projections, fueled by demand in key sectors like power and data centers, underpin the strategic value of the acquisition. Honeywell's capital deployment strategy, focusing on high-return acquisitions in alignment with automation, aviation, and energy transition megatrends, underscores its commitment to sustainable growth. The deal is set to be finalized by the end of the year, marking a milestone in the companies' strategic evolution towards clean energy solutions. Additionally, the article briefly mentions the upcoming MENA Industrial Gases Conference in 2024, highlighting the region's potential for growth in industrial gas and energy sectors, aligned with ambitious decarbonization and green energy goals.