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Air Products has announced the successful performance test of its proprietary AP-DMR™ LNG Process technology at the Coral South FLNG facility in Mozambique, Africa. The technology achieved LNG production above 3.4 million tons per year, making it the second largest FLNG facility in the world. Air Products' advanced technology offers high efficiency, reliable operation, and lower carbon intensity compared to other LNG processes, positioning them as a leader in LNG technology and equipment.
Air Products will showcase decarbonization solutions for iron and steel production at AISTech2024, offering a wide range of industrial gas solutions, hydrogen plants, and carbon capture technologies to reduce CO2 emissions by up to 75%. The company will also donate up to $15,000 to the AIST Foundation for each registered attendee who visits their booth, further supporting the steel industry.
Air Products reported strong second-quarter fiscal 2024 results, with a GAAP EPS of $2.57, up 30% from the prior year, and an adjusted EPS of $2.85, up 4%. The company's net income and margin also showed substantial growth. They have been listed among Barron's 100 Most Sustainable Companies for the sixth consecutive year and increased their quarterly dividend. Air Products maintained their fiscal 2024 adjusted EPS guidance of $12.20 to $12.50, showing a positive outlook for the future.
