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. (NYSE: APD) is a world‑leading industrial gases company that regularly issues news and updates on its operations, projects and corporate actions. This APD news page aggregates company press releases and third‑party coverage so readers can follow developments affecting the industrial gas manufacturing and clean hydrogen sectors.
According to its public statements, Air Products serves customers in refining, chemicals, metals, electronics, manufacturing, medical and food industries across approximately 50 countries. News about the company often covers its role as the leading global supplier of hydrogen, its large clean hydrogen and low‑emission ammonia projects, and its activities in energy, environmental and emerging markets. Announcements related to projects such as a low‑carbon energy complex in Louisiana or participation in the NEOM Green Hydrogen Project in Saudi Arabia illustrate how the company positions itself in the transition to low‑ and zero‑carbon energy.
Investors and industry observers can expect APD news to include quarterly and annual earnings releases, dividend declarations, investor teleconference details, and commentary from leadership on strategy and performance. Regulatory and governance‑related updates, such as Board changes or executive appointments and departures, are typically disclosed through press releases and SEC filings that are also reflected in news coverage.
Sector‑specific updates highlight Air Products’ applications technologies and equipment for areas like the lithium‑ion battery supply chain and food freezing and chilling under its Freshline brand. By reviewing the APD news feed, readers can monitor how the company communicates its strategic focus on core industrial gases, clean hydrogen projects and customer‑focused applications across multiple industries.
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.
Air Products, alongside ACWA Power and NEOM, has announced a landmark agreement for a $5 billion green hydrogen production facility in Saudi Arabia. Set to become operational in 2025, this project aims to produce 650 tons of hydrogen daily, significantly contributing to global transportation needs. The facility will generate 1.2 million tons of green ammonia annually, harnessing over 4 gigawatts of renewable energy. This initiative is expected to save over three million tons of CO2 emissions per year, marking a significant step towards sustainable energy solutions.
Air Products (NYSE: APD) and thyssenkrupp Uhde Chlorine Engineers have signed a Strategic Cooperation Agreement (SCA) to develop world-scale electrolysis plants for green hydrogen production. This collaboration aims to leverage their combined technology and engineering capabilities, focusing on sustainable energy solutions. thyssenkrupp will provide technology and engineering services for the projects, which are essential for various industries including transportation and power generation. The agreement marks a significant step towards economic green hydrogen production at gigawatt-scale.
Air Products (NYSE:APD), a global leader in industrial gases, has been awarded a gold medal for Corporate Social Responsibility (CSR) by EcoVadis for the third consecutive year. The gold rating reflects the company's commitment to sustainability across four categories: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Additionally, Air Products was recognized in 2020 as one of the 100 Best Corporate Citizens by 3BL Media and featured in S&P Global's Sustainability Yearbook. The company aims to innovate solutions that benefit the environment while enhancing sustainability.
Air Products (NYSE: APD) has announced that its new steam methane reformer and cold box in Geismar, Louisiana, is now operational, supplying carbon monoxide, hydrogen, and steam to Huntsman's industrial operations. The facility produces approximately 6.5 million standard cubic feet per day of CO and 50 MMSCFD of hydrogen, with an option for future expansion. This new facility enhances supply reliability and supports Huntsman’s MDI-polyurethanes assets. The integration into Air Products' Gulf Coast hydrogen pipeline network strengthens its position in the hydrogen market.
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