Air Products (NYSE: APD) develops solutions to help meet the world’s energy, environmental and productivity needs. Our products help improve the environment and improve our customer’s production processes. We provide essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. We are also the global leader in the supply of liquefied natural gas process technology and equipment.
Air Products provides industrial gas in bulk liquid and compressed gas forms as well as via “on-site” dedicated facilities. We began eight decades ago by pioneering the on-site business model to supply oxygen to the steel industry. Four decades later, we extended the on-site model to provide hydrogen to the oil refining industry. Recently, we again extended the on-site model to gasification to produce syngas. Air Products has successfully executed several large gasification projects around the world and is now the world’s premier gasification company possessing propriety technologies and unmatched capabilities.
Looking into the future, Air Products sees significant opportunities in gasification, carbon capture and hydrogen for energy to help solve the world’s urgent sustainability challenges. Gasification enables an environmentally friendly way to use plentiful, lower value feedstocks. We see significant opportunities to capture the concentrated CO2 stream from gasifiers and hydrogen plants. Air Products is a leader in hydrogen fueling systems and infrastructure, and the company sees great potential in the years ahead to extend its leadership.
Air Products has fiscal 2020 sales of $8.9 billion and market capitalization of about $60 billion. It employs more than 19,000 people and operates over 750 facilities in 50 countries supplying to more than 30 industries.
NEOM Green Hydrogen Company (NGHC) announced that following the signing of financial documents with 23 local, regional, and international banks, and investment firms, it has now achieved financial close on the world’s largest green hydrogen production facility located in NEOM’s Oxagon region, at a total value of 8.4 billion USD investment. NGHC has also concluded the engineering, procurement, and construction (EPC) agreement with Air Products as their nominated EPC contractor and system integrator for the entire facility.
Read News ReleaseAir 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.
Learn MoreAir Products’ updated Capital Deployment Scorecard sees the company deploying or committing more than $30 billion of capital for the 10-year period from 2018-2027.
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