Air Products' New Cleveland Air Separation Facility and Liquefier Onstream and Supplying Onsite and Regional Customers

Rhea-AI Summary

Air Products (NYSE:APD) announced that its new air separation facility in Cleveland, Ohio is now operational and serving customers. The facility includes liquid production capabilities and supplies products such as gaseous oxygen, gaseous nitrogen, and liquid argon under a long-term contract to an onsite customer, while also serving the regional merchant market.

The company is also reinvesting to extend the life of an existing air separation unit and liquefier plant at the same location. Air Products has maintained operations in Cleveland since the 1960s, serving diverse industries including chemicals, food, electronics, primary materials, fabricated metals, health and medical, and utilities sectors.

Positive

• New air separation facility enhances strategic footprint in important merchant market
• Long-term contract secured with significant onsite customer
• Facility serves as liquid back-up source for other Cleveland area customers
• Diversified customer base across multiple industries

Negative

• None.

News Market Reaction

-0.65%

1 alert

-0.65% News Effect

On the day this news was published, APD declined 0.65%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LEHIGH VALLEY, Pa., Sept. 2, 2025 /PRNewswire/ -- Air Products (NYSE: APD), a leading global industrial gas supplier, today announced that its new air separation facility in Cleveland, Ohio is onstream and supplying customers. Air Products built, owns and operates the new facility which includes liquid production capability.

Air Products is also reinvesting at the same location to extend the life of an existing air separation unit and liquefier plant. Products including gaseous oxygen, gaseous nitrogen and liquid argon are supplied under a long-term contract to an onsite customer, with additional products supplied to the regional merchant market.

"The new facility enhances this location as it will continue to provide a strategic footprint in an important merchant market while continuing to serve a significant onsite customer who is also investing at that location," said Francesco Maione, Air Products' President, Americas. "Our Cleveland operations serve a very diverse customer base in the regional area. The location is a good example of Air Products' strength of production and supply from our base industrial gas business."

Air Products has been operating in Cleveland since the 1960s. In addition to the onsite customer, Air Products supplies a wide range of industries in the surrounding regional area including chemicals, food, electronics, primary materials, fabricated metals, health and medical, and utilities. The Cleveland plant also serves as a liquid back-up source to onsite gaseous supply for several other Air Products' customers in the Cleveland area.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2024 sales of $12.1 billion from operations in approximately 50 countries and has a current market capitalization of over $60 billion. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

View original content:https://www.prnewswire.com/news-releases/air-products-new-cleveland-air-separation-facility-and-liquefier-onstream-and-supplying-onsite-and-regional-customers-302544214.html

SOURCE Air Products

FAQ

What new facility did Air Products (APD) announce in Cleveland?

Air Products announced a new air separation facility that produces gaseous oxygen, gaseous nitrogen, and liquid argon, serving both onsite and regional merchant market customers.

What industries does Air Products serve from its Cleveland facility?

The Cleveland facility serves diverse industries including chemicals, food, electronics, primary materials, fabricated metals, health and medical, and utilities.

How long has Air Products been operating in Cleveland?

Air Products has been operating in Cleveland since the 1960s.

What is the strategic importance of Air Products' new Cleveland facility?

The facility enhances APD's strategic footprint in an important merchant market, serves a significant onsite customer under long-term contract, and provides liquid back-up source for other Cleveland area customers.

What products does Air Products' new Cleveland facility produce?

The facility produces gaseous oxygen, gaseous nitrogen, and liquid argon for both onsite and regional merchant market customers.