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' CEO, Seifi Ghasemi, will receive the STEM Leadership Award for Outstanding Global Growth on December 7, 2021. Under Ghasemi's leadership, Air Products became the largest U.S. chemical company by market capitalization in 2020, with a $2 billion project in Indonesia and a significant $7 billion green hydrogen initiative in NEOM, aiming to supply carbon-free hydrogen and reduce emissions equivalent to over 700,000 cars. Ghasemi emphasized his team’s dedication to sustainability and innovation, highlighting their role in advancing STEM initiatives.
Air Products (NYSE: APD) has launched a revamped website coinciding with its 80th anniversary, enhancing customer engagement and service delivery. The new site features a simplified structure, improved mobile access, interactive tools for identifying industrial gases, and better account management through the MyAirProducts portal. It reflects the company's evolution into a leader in gasification, carbon capture, and hydrogen solutions. Additionally, Air Products is implementing 26 localized websites globally to provide tailored content and experiences for its diverse stakeholders.
Air Products (NYSE: APD) announced its membership in the European Clean Hydrogen Alliance (ECH2A) on Sept. 24, 2020, aiming to accelerate Europe's transition to a sustainable economy through hydrogen technology. With expertise in the hydrogen value chain, the company plans to connect renewable hydrogen production with industry demand. APD is involved in global hydrogen initiatives, including NEOM, a major green hydrogen project in Saudi Arabia. The company reported fiscal 2019 sales of $8.9 billion and has a market cap of approximately $65 billion.
On September 21, 2020, Air Products announced a price increase for its products and services in North America, effective October 1, 2020. Liquid nitrogen and liquid oxygen prices will rise by up to 15%, while liquid carbon dioxide will also see a similar increase. Monthly service charges may increase by up to 20%. Other gases like helium, hydrogen, and argon will have price adjustments based on supply and demand. These changes are attributed to rising sourcing, production, and delivery costs, aimed at enhancing reliability and safety investments.
Air Products (NYSE: APD) announced a new Sustainability goal to reduce CO2 emissions intensity by one-third by 2030, using 2015 as the baseline. This announcement aligns with the company's commitment to sustainability, which has been integral to its operations for the past 80 years. The initiative is part of a broader strategy that includes carbon capture and increased renewable energy use. In 2019, Air Products enabled customers to avoid 69 million metric tons of CO2 emissions. The company is also developing additional new Sustainability goals beyond this emissions reduction target.
Air Products (NYSE: APD) has secured a significant contract to provide four Main Cryogenic Heat Exchangers (MCHEs) for Sonatrach's GL1Z LNG facility in Algeria. Each MCHE has a production capacity of 1.3 million tonnes per year and will replace units installed in the late 1970s. This project aims to reduce maintenance costs and enhance LNG production efficiency at the facility. Air Products will oversee installation and provide advisory services. The company, a leader in LNG technology, has been manufacturing heat exchangers for over 50 years, with its technology utilized worldwide.
Air Products (NYSE: APD) has secured a long-term onsite contract to supply a global leader in memory and storage solutions at a new facility in Penang, Malaysia. The contract includes the installation of a PRISM® cryogenic nitrogen generator for high-purity, economical nitrogen supply. This partnership aims to enhance chip assembly processes and improve product quality for the rapidly growing electronics market. Established in Malaysia since 1974, Air Products leverages its robust supply network to support the electronics industry, which is vital for the country's industrial growth and development.
On August 31, 2020, Air Products (NYSE:APD) announced that CEO Seifi Ghasemi will present at the virtual Credit Suisse 33rd Annual Basic Materials Conference on September 15, 2020, at 7:45 a.m. USET. Ghasemi will discuss how increasing global demands for cleaner energy are influencing Air Products' growth strategies and sustainability commitments. The presentation will highlight innovative solutions in gasification, carbon capture, and hydrogen mobility. A webcast of the event will be available on Air Products' Investor Relations page.
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