Alter NRG, Air Products sign joint development agreement

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Alter NRG Corp. and Air Products and Chemicals Inc. have signed a joint development venture agreement to pursue renewable energy opportunities in North America and Europe.

The agreement gives Air Products and Chemicals the right to license and incorporate Alter NRG's proprietary Westinghouse plasma gasification technology with its oxygen enrichment and synthesis gas pretreatment technology in renewable energy facilities. Air Products and Chemicals will initially use a variety of feedstocks to create syngas for power, heat and steam generation.