LEHIGH VALLEY, Pa.,
July 17, 2017 /PRNewswire/
-- Air Products (NYSE: APD) and Huntsman (NYSE: HUN) today
announced they have signed a long-term agreement for Air Products
to build, own and operate a new steam methane reformer (SMR) and
cold box in Geismar, Louisiana.
The Air Products facilities, targeted to be onstream in January of
2020, will supply hydrogen, carbon monoxide (CO) and steam to
Huntsman's Geismar
operations.
The new facility, to be located on land leased from Huntsman,
will produce approximately 6.5 million standard cubic feet per day
(MMSCFD) of CO, 50 MMSCFD of hydrogen, and up to 50,000 pounds per
hour of steam. There is also the ability for the facility to be
expanded to increase CO in the future to support additional
growth.
"We have a long relationship with Huntsman with other
operations, so our track record of reliability and customer service
were a big asset in being awarded this supply contract. We
are pleased to expand this relationship with the new plant at
Geismar. The new facility
supporting Huntsman will be state-of-the-art in terms of high
reliability and sustainability, with enhanced energy efficiency and
reduced emissions," said Marie Ffolkes, president, Industrial Gases
Americas at Air Products.
Tony Hankins, president of
Huntsman Polyurethanes said, "Geismar is one of our three world-scale MDI
production facilities, which primarily serves North and
South America. This investment
will help underpin our global growth strategy, which involves
strengthening our upstream assets, while at the same time rapidly
building our downstream footprint and capabilities. We look forward
to the technology and reliability that Air Products will bring to
our Geismar facility."
Beyond supply to Huntsman's production facility in Geismar, Air Products' new plant will also be
connected to its Gulf Coast hydrogen pipeline and network system
(GCP). Dedicated in 2012, the 600-mile pipeline span is the world's
largest hydrogen plant and pipeline network system. The GCP
stretches from the Houston Ship Channel in Texas to New
Orleans, Louisiana, and supplies customers with over 1.4
billion feet of hydrogen per day from over 22 hydrogen production
facilities.
About Air Products
Air Products (NYSE:
APD) is a world-leading Industrial Gases company in operation for
over 75 years. The Company's core industrial gases business
provides atmospheric and process gases and related equipment to
manufacturing markets, including refining and petrochemical,
metals, electronics, and food and beverage. Air Products is also
the world's leading supplier of liquefied natural gas process
technology and equipment.
The Company had fiscal 2016 sales of $7.5
billion from continuing operations in 50 countries and has a
current market capitalization of approximately $30 billion. Approximately 16,000 employees are
making Air Products the world's safest and best performing
industrial gases company, providing sustainable offerings and
excellent service to all customers. For more information, visit
www.airproducts.com.
About Huntsman
Huntsman Corporation is a
publicly traded global manufacturer and marketer of differentiated
chemicals with 2016 revenues of approximately $10 billion. Our chemical products number in the
thousands and are sold worldwide to manufacturers serving a broad
and diverse range of consumer and industrial end markets. We
operate more than 100 manufacturing and R&D facilities in
approximately 30 countries and employ approximately 15,000
associates within our 5 distinct business divisions. For more
information about Huntsman, please visit the company's website at
www.huntsman.com.
NOTE: This release may contain forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's reasonable expectations and assumptions as of
the date of this release regarding important risk factors. Actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management,
including risk factors described in the Company's Form 10K for its
fiscal year ended September 30,
2016.
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SOURCE Air Products