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Investor Information

Photo: Joint Venture in Jazan, Saudia Arabia

$12 Billion ASU/Gasification/Power Joint Venture in Jazan, Saudi Arabia

Aramco, Air Products, ACWA Power and Air Products Qudra signed and finalized definitive agreements for the asset acquisition and project financing of the $12 billion air separation unit (ASU)/gasification/power joint venture (JV) in Jazan Economic City.

APD has a 50.6% total ownership (46% direct and 4.6% through Air Products Qudra) in the JV, which is purchasing the ASUs, gasification, syngas cleanup, utilities and power assets from Aramco. The JV owns and operates the facility under a 25-year contract for a fixed monthly fee. Aramco will supply feedstock to the JV, and the JV will produce power, steam, hydrogen and other utilities for Aramco.

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Graphic: Capital Deployment Scorecard

Capital Deployment Scorecard

Air 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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Simon R. Moore
Vice President, Investor Relations,
Corporate Relations and Sustainability
NEOM, a new model for sustainable living located in Saudi Arabia, is the site of the world-scale green hydrogen-based ammonia project that will enable Air Products to produce carbon-free hydrogen to power buses and trucks around the globe. Listen to Air Products' Simon Moore discuss this transformative and innovative joint venture project with NEOM and ACWA Power at Reuters' Hydrogen 2021 Digital Conference & Exhibition.

2020 Annual Report

(Excerpted from Seifi Ghasemi's 2020 Shareholder Letter)

Over the past six years, we have transformed Air Products into the best performing industrial gas company in the world. By executing our strategic Five-Point Plan, we are creating sustainable growth opportunities that deliver value to our shareholders, customers, employees and communities around the world.

In 2020, the world faced unprecedented challenges due to the COVID-19 pandemic. I am very proud of the dedicated team of more than 19,000 employees at Air Products who kept our 750+ plants running, supplied our customers with essential products, executed significant projects and improved our profitability, all under very challenging conditions.

Despite the challenges, we delivered strong financial results...

Investor Relations Contacts

Simon Moore
Vice President, Investor Relations,
Corporate Relations and Sustainability

Simon Moore
(610) 481-7461
Mun Shieh Photo
Director, Investor Relations

Mun Shieh
(610) 481-2951
Liz Thomas Photo
Sr. Administrative Assistant

Elizabeth Thomas
(610) 481-4426