---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-011560"
form_type: "8-K"
ticker: "APD"
cik: "0000002969"
company_name: "Air Products & Chemicals, Inc."
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:43:27.754163+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Air Products completes second Jazan JV asset purchase for $4.15B; contributed $908M

## Summary
- Air Products contributed ~$908M (incl. $73M from Air Products Qudra non-controlling partner) at second closing of $12B Jazan gasification JV.
- JIGPC purchased additional gasification, syngas cleanup and power assets from Aramco for $4.15B; fixed monthly fee will increase.
- JV capital structure: ~40% member contributions, ~60% non-recourse project financing.
- Air Products holds 50.6% total ownership (46% direct + 4.6% via Air Products Qudra).
- Minor final commissioning items expected later in 2023.

## SEC filing metadata
- accession: 0001193125-23-011560
- form_type: 8-K
- ticker: APD
- cik: 0000002969
- company_name: Air Products & Chemicals, Inc.
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2969/000119312523011560/0001193125-23-011560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2969/000119312523011560/d379573d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-011560
- JSON: https://secwatch.observer/filing/0001193125-23-011560.json
- Plain text: https://secwatch.observer/filing/0001193125-23-011560.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.