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Investor Information

Photo: Joint Venture in Jazan, Saudia Arabia

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

Air Products announced the completion of the asset acquisition and project financing transactions for the $12 billion air separation unit/gasification/power joint venture (JV) with Aramco, ACWA Power and Air Producs Qudra at Jazan, Saudi Arabia.

The JV has purchased 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, with Aramco supplying feedstock to the JV, and the JV producing power, steam, hydrogen and other utilities for Aramco.

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Landmark U.S. $4.5 Billion Louisiana Blue Hydrogen Clean Energy Complex

Air Products will invest $4.5B to build-own-operate the world's largest blue hydrogen production facility, producing over 750 MMSCFD of blue hydrogen in Louisiana, USA. A portion of the blue hydrogen will be compressed and supplied to customers by our U.S. Gulf Coast pipeline network; the balance will be used to make blue ammonia that will be transported around the world and converted back to blue hydrogen for transportation and other markets.

The megaproject will also capture over five million metric tons per year of CO2, making it the largest carbon capture for sequestration facility in the world. Numerous studies have shown that Louisiana's geology is some of the best in the world for permanent geologic sequestration.

The project is expected to be operational in 2026.

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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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2021 Annual Report

(Excerpted from Seifi Ghasemi's 2021 Shareholder Letter)

Despite the well-known global challenges in 2021, the talented, committed, and motivated people of Air Products demonstrated resilience and resolve, delivered excellent results, and continued to execute our growth strategy. I want to thank every one of our more than 20,000 employees for standing together, working hard, and delivering for our customers and shareholders.

In following Air Products, you know that our growth and sustainability strategy are one in the same, and we are investing significantly in products and projects that support cleaner energy and a cleaner environment...

Investor Relations Contacts

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

Simon Moore

mooresr@airproducts.com
(610) 481-7461
Mun Shieh Photo
Director, Investor Relations

Mun Shieh

shiehmh@airproducts.com
(610) 481-2951
Liz Thomas Photo
Sr. Administrative Assistant

Elizabeth Thomas

thomasea@airproducts.com
(610) 481-4426