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The Engelhard Corporation has acquired the syngas catalyst business of Nanjing Chemical Industry Corporation, a wholly owned subsidiary of Sinopec, one of China's largest integrated energy and chemical companies. The deal includes NCIC's syngas business operations, catalyst technology and Nanjing-based manufacturing assets. The purchase price was not disclosed.
Engelhard believes that the global demand for cleaner fuels will lead to huge growth in markets such as gas to liquids (GTL) technologies, many of them derived from synthesis gas (syngas). NCIC, China's leading ...