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) 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.
Air Products (NYSE: APD) has been awarded a contract to supply its proprietary AP-X® Natural Gas Liquefaction Process technology for the North Field East (NFE) Project in Qatar. This involves four LNG process units, each with a capacity of 7.8 million tonnes per year, slated to become operational in 2025. The project aims to maintain Qatar's status as the world's leading LNG producer. Air Products has a long-standing relationship with Qatar's LNG operations, having previously provided technology for all 14 existing LNG trains in the region.
Air Products (NYSE:APD) has partnered with Professor Bryan Berger from the University of Virginia to explore cryogenic freezing's benefits for cannabinoids in industrial hemp. The collaboration aims to study the effects of liquid cryogens on the chemical profiles and extraction processes of hemp, enhancing yield and quality. Berger, with expertise in hemp processing, expects the research to provide best practices for growers. Air Products emphasizes its role in the industrial hemp market, utilizing cryogenic technology to improve the efficiency of harvesting, processing, extraction, and packaging.
Air Products (NYSE:APD) has declared a quarterly dividend of $1.34 per share, payable on November 9, 2020. Shareholders of record as of October 1, 2020 will receive this dividend. The company reported fiscal 2019 sales of $8.9 billion with a market capitalization exceeding $60 billion. With nearly 80 years in operation, Air Products continues to be a leader in industrial gases, serving multiple sectors, including energy and electronics, and is recognized for its sustainable gasification projects.
Air Products (NYSE:APD) announced a conference call on July 7, 2020, at 8:30 a.m. USET to discuss the NEOM Project. This live call is open to the public and will be accessible via telephone and Internet. A replay will be available for a week after the event. Air Products reported $8.9 billion in sales for fiscal 2019 and has a market cap of approximately $50 billion.
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