Air Products at A Glance
12.6
billion dollars in sales with a strong existing base business delivering double-digit EPS growth since 2014
40+
consecutive years of dividend growth
~60
billion dollars in market cap
#1
hydrogen supplier in the world
15
billion-dollar capital commitment by 2027 for low-carbon hydrogen projects to address the energy transition
~50
countries where we operate
1,800
miles of industrial gas pipeline
750+
production facilities
30+
industries served
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$12 Billion ASU/Gasification/Power Joint Venture in Jazan, Saudi Arabia
Air Products announced the financial close and transfer of the second group of assets for the $12 billion gasification and power joint venture (JV) with Aramco, ACWA Power and Air Products Qudra in the Jazan Economic City (“Jazan”), Saudi Arabia.
The JV’s purchase of this second group of assets at Jazan follows the successful asset acquisition and project financing transactions for the first group of assets completed in late October 2021.
The JV owns and operates the facility under a 25-year contract for a fixed monthly fee, with Aramco supplying feedstock to the JV, and the JV producing power, steam, hydrogen and other utilities for Aramco.
About the Project
The JV’s purchase of this second group of assets at Jazan follows the successful asset acquisition and project financing transactions for the first group of assets completed in late October 2021.
The JV owns and operates the facility under a 25-year contract for a fixed monthly fee, with Aramco supplying feedstock to the JV, and the JV producing power, steam, hydrogen and other utilities for Aramco.
About the Project
