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. 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 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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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.
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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.