Welcome to our dedicated page for Air Prods & Chems news (Ticker: APD), a resource for investors and traders seeking the latest updates and insights on Air Prods & Chems stock.
Air Products & Chemicals Inc (APD) is a global leader in industrial gases and specialty chemicals serving energy, healthcare, and manufacturing sectors. This page provides investors and industry professionals with timely access to official press releases, financial updates, and strategic developments from the company.
Key resources include: Quarterly earnings announcements, partnership agreements, sustainability initiatives, and operational updates. All content is sourced directly from APD’s corporate communications to ensure accuracy and compliance with financial disclosure standards.
Why monitor APD news: Track the company’s progress in hydrogen energy projects, international expansion efforts, and technological innovations in gas production. Our centralized repository eliminates the need to search multiple sources for verified information.
Bookmark this page for immediate access to APD’s latest developments. For comprehensive analysis of how these updates may impact market performance, consult your financial advisor.
Air Products (NYSE: APD) plans to invest approximately $500 million in a new green liquid hydrogen production facility in Massena, New York, targeting a 2026-2027 operational start. This investment is supported by a 94 MW hydroelectric power allocation approved by the New York Power Authority, which aims to create 90 jobs. The facility will produce 35 metric tons per day of hydrogen, aimed primarily at the mobility market, which is expected to avoid over six million tonnes of CO2 emissions. Demand for green hydrogen is projected to grow significantly in the region.
Air Products' Chairman, Seifi Ghasemi, will address the global hydrogen economy at the Hydrogen Americas Summit in Washington, D.C., on October 10, 2022. Ghasemi emphasized hydrogen's crucial role in achieving a sustainable energy future, citing the company's commitment of over $15 billion to clean energy projects by 2027. The summit, hosted by the Sustainable Energy Council and U.S. Department of Energy, focuses on clean hydrogen opportunities. Eric Guter, Global VP for Hydrogen Mobility, will also speak on decarbonization strategies. National Hydrogen & Fuel Cell Day is observed on October 8.
Air Products (NYSE:APD) is set to release its fiscal 2022 fourth quarter financial results on November 3, 2022, prior to market opening. A teleconference will follow at 8:30 a.m. ET to review these results, available to the public in listen-only mode. The company aims to provide insights into its performance for the quarter, which could influence investor sentiment. With a reported fiscal 2021 sales of $10.3 billion and a market cap of approximately $55 billion, Air Products continues to be a key player in the industrial gases sector.
Air Products (NYSE: APD) has announced plans to construct a second hydrogen liquefaction plant in Rotterdam, The Netherlands, set to double Europe's current liquid hydrogen capacity by 2025. This facility will cater to the growing demand from high-tech industries and support the decarbonization of heavy-duty vehicles as part of Europe's climate neutrality goals by 2050. The project enhances Air Products' hydrogen capabilities in Europe and marks a significant step in the company's commitment to the energy transition.
Air Products (NYSE:APD) will unveil its PRISM® GreenDry membrane separator for the biogas sector at the RNG Works Technical Workshop in Nashville, TN from September 20-22, 2022. This membrane technology aims to enhance biogas upgrading by providing a reliable dehydration solution to produce renewable natural gas. Air Products has been a pioneer in membrane technology for 30 years, dedicated to sustainability and innovative solutions. The company also provides a range of services and systems for various industries, emphasizing its commitment to environmental challenges.
Air Products' joint venture, Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG), has successfully acquired Air Liquide Al Khafrah Industrial Gases in Saudi Arabia, enhancing their industrial gas portfolio, including liquid bulk and specialty gases. This acquisition strengthens AHG's capabilities and aligns with their growth strategy in the Middle East. This follows Air Products' previous acquisition in January 2022 of similar assets in the UAE and Bahrain, further cementing their commitment to increasing regional capabilities and customer service.
Imperial has secured a long-term contract with Air Products to supply low-carbon hydrogen for its renewable diesel complex at the Strathcona refinery in Alberta. The agreement supports the construction of a hydrogen plant that will help produce over 1 billion liters of renewable diesel annually, significantly reducing greenhouse gas emissions. Air Products is investing CAD 1.6 billion to enhance its Edmonton facility, intending to supply approximately 50% of the hydrogen output for this project. The renewable diesel initiative is set to create around 600 construction jobs and is expected to reduce emissions by 3 million tonnes per year.
On September 6, 2022, Imperial (TSE: IMO) announced a long-term hydrogen supply contract with Air Products (NYSE: APD) for its renewable diesel complex at the Strathcona refinery in Alberta. Air Products will supply low-carbon hydrogen from its new Edmonton facility, supporting the production of over 1 billion litres of renewable diesel annually. The project, expected to reduce greenhouse gas emissions by 3 million tonnes yearly, involves a CAD $1.6 billion investment by Air Products. This collaboration aims to enhance Canada’s low-carbon hydrogen market while creating around 600 construction jobs.
Air Products' COO, Dr. Samir J. Serhan, will discuss hydrogen's role in energy transition at the Gastech Hydrogen Conference in Milan, Italy, from September 5-8. The company has committed $11 billion to low- and zero-carbon hydrogen projects and plans an additional $4 billion investment by 2027. Dr. Ahmed Hababou will participate in a panel on building the hydrogen economy. Air Products also showcases its expertise in hydrogen production and liquefied natural gas (LNG) technologies at its booth, highlighting ongoing projects like the Louisiana blue hydrogen complex and NEOM's green hydrogen initiative.
Air Products (NYSE: APD) and Associated British Ports (ABP) announced plans to establish a large-scale green hydrogen production facility in the UK. The facility will import green ammonia globally to produce green hydrogen, supporting decarbonization efforts across transport and industry. Expected benefits include the elimination of up to 580,000 tonnes of greenhouse gas emissions annually and a projected $4.6 billion in regional economic growth, creating approximately 1,400 direct and 1,600 indirect jobs. The project aligns with the UK Government's target of 10GW of low-carbon hydrogen by 2030.
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