Air Prods & Chems Inc Stock Price, News & Analysis

Air Products (NYSE: APD) has initiated operations at its new liquid hydrogen plant located in La Porte, Texas, producing about 30 tons of liquid hydrogen daily. This facility is designed to meet the growing demand in various markets, particularly the hydrogen for mobility sector. The hydrogen will be sourced from Air Products' extensive Gulf Coast hydrogen pipeline network. In addition, the company plans to construct a green hydrogen production facility in the Southwest U.S. to cater to zero-carbon hydrogen fuel needs.

Air Products' president, Francesco Maione, will present at the GAWDA Annual Convention on October 9 in Colorado Springs, Colorado. His speech titled "Creating Value Together – Looking Back, Looking Forward" will cover industrial gas distribution and business philosophy. The company also supports community initiatives with a $10,000 donation to the Children's Literacy Center and has awarded a $2,500 scholarship to Ferris State University student Kassidy Tohm. Air Products is a leader in industrial gases with $8.9 billion in 2020 sales and a market cap of approximately $60 billion.

The collaboration between Aramco, Air Products (NYSE: APD), ACWA Power, and Air Products Qudra has resulted in the finalization of agreements for a $12 billion joint venture in Jazan Economic City. Air Products holds a 50.6% stake, while Aramco has 20%. The joint venture will operate under a 25-year contract, providing essential utilities to Aramco's Jazan Refinery. The deal is supported by $7.2 billion in financing from various lenders. All asset transfers and funding are expected to be completed by October 2021, strengthening existing partnerships and facilitating economic development in the region.

Air Products (NYSE:APD) will present its advanced liquefied natural gas (LNG) technologies at the Gastech Conference and Exhibition from September 21-23 in Dubai. The company will showcase its equipment and innovations that support the successful operation of LNG facilities. Notably, Rotoflow will highlight new hydraulic turbine advancements. Air Products will also participate in several technical presentations on increasing LNG efficiency and decarbonized production. The company is a global leader in LNG technology, with a reported fiscal 2020 sales of $8.9 billion and a market capitalization of about $60 billion.

Air Products (NYSE: APD) will implement price increases effective October 1, 2021, affecting liquid nitrogen, liquid oxygen, and liquid carbon dioxide, with hikes of up to 20% and 15% respectively. Monthly service charges will increase by a similar 15%. Additional adjustments for helium, hydrogen, and argon will be determined based on supply and demand. The company cites rising sourcing, production, and delivery costs as the reason for these changes, aimed at maintaining investments in reliability and safety.

Air Products (NYSE:APD) announced the departure of Susan K. Carter from its Board of Directors effective September 30, 2021, after 10 years of service. Ms. Carter, a member of both the Audit and Finance Committee and the Management Development and Compensation Committee, has extensive experience in finance and operations. CEO Seifi Ghasemi expressed gratitude for her contributions, highlighting her expertise in various domains, including acquisitions and corporate governance. Air Products, with a market capitalization of about $60 billion, focuses on providing industrial gases and solutions for energy and environmental needs.

Air Products (NYSE:APD) will showcase its hydrogen solutions for heavy-duty transportation at the Advanced Clean Transportation Expo from August 31 to September 1 in Long Beach, California. The company plans to convert its global fleet of 2,000 trucks to hydrogen fuel cell vehicles, collaborating with Cummins to integrate hydrogen technologies across the Americas, Europe, and Asia. Initial pilot phases are expected to begin in 2022. As a leader in hydrogen production, Air Products operates over 250 fueling stations globally, emphasizing the importance of hydrogen in sustainable transportation.

Air Products (NYSE: APD) has been recognized for the tenth consecutive year on the 100 Best Corporate Citizens List by 3BL Media, reflecting its commitment to environmental, social, and governance (ESG) standards. The ranking assesses 1,000 top U.S. public companies based on 146 ESG factors across various categories, including climate change and employee relations. Air Products continues to drive sustainability, aiming to reduce CO2 emissions intensity by one-third by 2030 from a 2015 baseline, positioning itself as a leader in the industrial gases sector with a market cap exceeding $60 billion.