Air Products & Chemicals, Inc. reports news on its global industrial gases business, including hydrogen, helium, oxygen, nitrogen, argon, carbon dioxide and gas blends supplied to refining, chemicals, metals, electronics, manufacturing, medical, food and energy customers. Company updates frequently address quarterly earnings, capital discipline, dividends, gas supply agreements, new production assets and applications expertise for customer processes.
Recurring coverage also includes clean hydrogen and industrial decarbonization projects, helium supply-chain resilience, electronics and aerospace customer activity, and gas-based technologies such as oxy-fuel, carbon capture, Smart Technology and Freshline food freezing solutions. The company also reports on equipment offerings including turbomachinery, membrane systems and cryogenic containers.
Air Products (NYSE: APD) has signed a long-term virtual power purchase agreement with Macquarie's Green Investment Group for wind power in Poland. This agreement supports Poland's goal of deriving 23% of its power from renewables by 2030. The initiative will reduce emissions equivalent to removing 8,500 cars from the roads and aligns with Air Products' aim to cut CO₂ emissions intensity by one-third by 2030. The company continues investing in cleaner energy projects in Poland, enhancing its commitment to sustainability and supporting the European energy transition.
Air Products (NYSE: APD) will showcase its advanced liquefied natural gas (LNG) technology at the 7th Annual International LNG Congress in Moscow, scheduled for March 17-18, 2021. The company will demonstrate its cost-effective LNG process cycles and cryogenic equipment, crucial for LNG facilities. Notably, Air Products supplied technology for the Yamal LNG project, producing 16.5 million tonnes per year. With over 50 years in the industry, Air Products focuses on meeting global energy needs through innovative solutions and currently operates in 50 countries with a market cap of approximately $60 billion.
Air Products (NYSE: APD) announced the launch of its new air separation unit (ASU) in Chandler, Arizona, which is now operational and under long-term contract to supply nitrogen and oxygen to critical customers in the electronics sector. This ASU can produce over 2 million standard cubic feet per hour of gaseous nitrogen and 20,000 standard cubic feet per hour of high purity oxygen. The investment supports growth in the electronics industry and enhances Air Products' capabilities at its Chandler facility, which has been in operation since 1981.
Air Products (NYSE:APD) will have Chairman, President, and CEO Seifi Ghasemi speak at the J.P. Morgan 2021 Industrials Conference on March 16, 2021, at 8:50 a.m. USET. A webcast of the event will be accessible via their Investor Relations website. Air Products is a leading industrial gases company boasting $8.9 billion in fiscal 2020 sales and a market cap of approximately $60 billion. The company specializes in energy, environment, and industrial gases across various sectors.
Air Products (NYSE: APD) will participate in the Pittcon 2021 Virtual Conference and Expo from March 8-12, showcasing its industrial gas solutions. The company aims to highlight its CryoEase® MicroBulk Solutions, which enhance efficiency and reduce waste for smaller-volume users of gases like nitrogen and oxygen. With over 10,000 CryoEase® tanks installed globally, Air Products emphasizes the importance of reliable gas supply in productivity and safety across various industries. The company reported fiscal 2020 sales of $8.9 billion and maintains a market cap of around $60 billion.
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Air Products (NYSE:APD) has been recognized as the top climate-aligned company in Barron's 2021 Ranking of the Most Sustainable Companies in America, ranking 13th overall, up 20 spots from last year. The company has committed billions to the world's largest renewable hydrogen project, aiming for a 2025 launch. Air Products' $5 billion green hydrogen facility in Saudi Arabia is a key project. The company also aims to cut CO2 emissions intensity by one-third by 2030 and increase diversity in its workforce, targeting 28% female and 20% minority representation by 2025.
Air Products (NYSE:APD) announced that Chairman, President, and CEO Seifi Ghasemi will address the BofA Securities Global Agriculture & Materials Conference on March 3, 2021, at 10:00 a.m. USET. A webcast of the presentation will be available on their Investor Relations site. Air Products is a global leader in industrial gases with $8.9 billion in fiscal 2020 sales, serving various industries including energy and food. The company operates in 50 countries, employing over 19,000 individuals.
Air Products (NYSE: APD) has launched its first cryogenic nitrogen plant in the Bayan Lepas Free Industrial Zone, Penang, Malaysia, enhancing its capacity to meet rising demand from the electrical and electronics (E&E) sectors. This investment strengthens Air Products' market position in Northern Malaysia, supporting growth in the E&E industry, pivotal for Malaysia's industrial development. The company also operates two air separation units in Prai and maintains an extensive pipeline network, ensuring reliable gas supply to customers in the region.