Air Products (NYSE:APD)
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LEHIGH VALLEY, Pa., Oct. 12, 2018 /PRNewswire/ -- Air Products (NYSE: APD), a global leading hydrogen supplier and a leader in hydrogen fueling and infrastructure worldwide, participated in and spoke at the 2018 China (Hainan) Hydrogen Energy and Fuel Cell Industry Summit, organized by the government-backed National Alliance of Hydrogen and Fuel Cell (China Hydrogen Alliance), taking place from October 10-11 in Haikou.
As a key member of China Hydrogen Alliance, Air Products joined forces at the Summit with key government agencies, including the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Transport, State-owned Assets Supervision and Administration Commission of the State Council and National Energy Administration, as well as other major domestic and multinational corporations, international organizations, research institutes, pilot cities and investors, to exchange insights with more than 600 senior officials and executives on the theme of "Cultivating a Hydrogen Energy-based Ecosystem, Developing a Hydrogen Energy-oriented Society."
"We are honored to participate in this strategic event to help steer the future of China's hydrogen economy. Hydrogen as a clean energy will play a key role in enabling the Government to implement its energy production and consumption reform for a better environment," said Tammy Han, Air Products, vice president‒Central and Western China, who sits on China Hydrogen Alliance on behalf of the company. "Air Products has been on the forefront of hydrogen energy technology development. We provide total solutions from hydrogen production, storage and delivery to fueling technology systems and related infrastructure. Leveraging our proven capabilities and experience, we look forward to cooperating with local partners to support the Government's vision for a clean, low-carbon, safe and efficient modern energy system."
To accelerate hydrogen energy development, one enabling factor is the ability to transport the gas economically over long distances and in large quantities. At the Summit, Air Products featured its 600-mile Gulf Coast Pipeline (GCP) in the U.S. and proven capabilities in the safe, efficient and reliable handling of hydrogen.
In China, Air Products has participated in several hydrogen demonstration projects, including the 2008 Beijing Olympic Games, 2010 Asian Games, and 2011 Shenzhen Universiade, to drive the use of this clean energy. This year, it signed agreements with the state-owned Shenhua New Energy Co. Ltd. to supply China Energy Investment Corporation Limited's first hydrogen fueling station being built in Rugao City, and Fullcryo to support China's first commercial-scale liquid hydrogen-based fueling station. In addition to China Hydrogen Alliance, Air Products also serves as a vice chairman company of the International Hydrogen Fuel Cell Association to support the hydrogen energy blueprint outlined in the country's 13th Five-Year Plan.
Air Products has more than 60 years of global hydrogen experience with a total capacity exceeding 200 million tons per year. Its pipeline operational expertise is evidenced by nearly 50 years of safe operation of its global network of systems. The GCP is the world's largest plant and pipeline network which supplies customers with over 1.4 billion standard cubic feet of hydrogen per day from 23 hydrogen production facilities. With an extensive global patent portfolio in hydrogen dispensing technology, Air Products has been involved in more than 250 hydrogen fueling projects in over 20 countries. Its SmartFuel® hydrogen fueling technology has been adopted in the SAE's (Society of Automotive Engineers) hydrogen fueling protocol and practiced worldwide. The company has also joined the Hydrogen Council, a global CEO coalition for hydrogen technologies, as a steering member.
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 2017 sales of $8.2 billion from continuing operations in 50 countries and has a current market capitalization of about $35 billion. Approximately 15,000 passionate, talented and committed employees from a diversity of backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities and the world. For more information, visit www.airproducts.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, 2017.
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SOURCE Air Products