Air Prods & Chems Inc Stock Price, News & Analysis

Air Products (NYSE: APD) will present its industrial gas solutions for metals and materials processing at the PowderMet2024 International Conference, taking place from June 16-19 at the David L. Lawrence Convention Center, Pittsburgh. Attendees can visit booth #308 to explore how Air Products' gases, technologies, and supply solutions can enhance product quality, lower costs, and boost production. A notable feature is their Smart Technology systems, designed to optimize processes such as sintering, annealing, and 3D printing. On June 18, Senior Engineer Liang He will lead a session on improving sintering atmospheres. PowderMet2024 is a premier event for industry professionals interested in powder metallurgy and particulate materials.

TotalEnergies and Air Products have entered a 15-year agreement for the annual supply of 70,000 tons of green hydrogen starting in 2030. This deal is part of TotalEnergies' initiative to reduce CO2 emissions by 700,000 tons per year and achieve a 40% reduction in net greenhouse gas emissions by 2030. Air Products will provide green hydrogen to TotalEnergies’ Northern European refineries.

Air Products has invested over $15 billion in energy transition projects, making it a leader in low-carbon hydrogen production. Additionally, the companies have signed a memorandum of understanding for renewable power supply, including a 150 MW solar project in Texas and potential PPAs in the UK, Poland, and France.

On May 29, 2024, Air Products (NYSE:APD) announced plans to build a network of commercial-scale, multi-modal hydrogen refueling stations throughout California. These stations will fuel up to 200 heavy-duty trucks or 2,000 light-duty vehicles per day. This initiative aims to support California’s zero-emission transportation goals and contribute to the global energy transition. Air Products has committed to investing $15 billion in clean energy projects by 2027. Currently, Air Products operates six hydrogen refueling stations in Southern California and aims to expand with advanced technology and higher capacity.

Air Products' (NYSE: APD) Global Vice President of Hydrogen, Eric Guter, will deliver the keynote address at the inaugural California Hydrogen Convention in Los Angeles on May 29, 2024. Guter's address will focus on the critical role of robust hydrogen infrastructure in achieving zero-emissions transportation and meeting climate change goals. The convention will feature over 200 exhibitors, 150 expert speakers, and is expected to attract 5,000 attendees. Key Air Products executives, including Lorraine Paskett and Alison Hawkins, will also participate in various sessions. Air Products, the world's leading hydrogen supplier, is committed to investing $15 billion in clean energy projects worldwide and will showcase its hydrogen solutions at booth #703.

Air Products (NYSE:APD) announced a $70 million investment to expand its manufacturing and logistics center in Maryland Heights, near St. Louis, Missouri. This represents the largest investment by Air Products Membrane Solutions and is driven by increased demand for biogas and hydrogen recovery applications, nitrogen for aerospace, and cleaner fuels for marine industries. The expansion will create 30 new positions and is expected to be operational by the end of 2025. The current facility employs around 170 people and follows a $10 million investment made in 2023. Key offerings include PRISM® Membrane Separators, Marine Systems, and Engineered-to-Order Systems.

The Board of Directors of Air Products (NYSE: APD) has declared a quarterly dividend of $1.77 per share of common stock.

The dividend will be payable on August 12, 2024, to shareholders who are on record as of the close of business on July 1, 2024.

On May 16, 2024, Air Products announced that Sidd Manjeshwar, Vice President of Investor Relations, will present during TD Cowen's Sustainability Week on May 23, 2024, at 11:45 a.m. USET.

The session will be accessible through Air Products' Investor Relations Event Details website. The event aims to highlight the company's sustainability initiatives and ongoing projects to investors and stakeholders.

Air Products' Global VP for Hydrogen, Eric Guter, will deliver a keynote at the Advanced Clean Transportation Expo in Las Vegas on May 20, 2024. His address, 'Preparing for a Zero-Emission Trucking Future,' will discuss the role of clean hydrogen in decarbonizing heavy-duty transportation. Air Products plans to invest $15 billion in clean energy projects globally, aiming to advance the energy transition and meet climate goals. The company, a leader in hydrogen production, serves over 1.5 million refuelings annually in 20 countries and will showcase its hydrogen solutions for the heavy-duty trucking sector at booth #2030 during the Expo from May 20-23.

Air Products, a global leader in gas separation and purification membranes, announced the launch of the PRISM® GreenSep LNG membrane separator for bio-LNG production. This new technology eliminates the need for intermediate purification technologies, resulting in a higher yield of bio-LNG with reduced operational expenses and energy consumption. The company will showcase the separator at BIOGAS AMERICAS in Savannah, Georgia, highlighting its benefits for system designers. Air Products Membrane Solutions offers a range of membrane separators, marine systems, and engineered-to-order systems designed to create sustainable energy sources across various industries.