DHAHRAN, Saudi Arabia,
Jan. 25, 2019 /PRNewswire/
-- Saudi Aramco and Air Products (NYSE: APD) today announced
the signing of an agreement to jointly-build the first hydrogen
fuel cell vehicle fueling station in Saudi Arabia. The collaboration between the
two companies will combine Air Products' technological know-how and
experience in the field of hydrogen with Saudi Aramco's industrial
experience, facilities and R&D capabilities. Saudi Aramco and
Air Products will establish a pilot fleet of fuel cell vehicles for
which high-purity compressed hydrogen will be dispensed at the new
fueling station.
Air Products' proprietary SmartFuel® hydrogen fueling
technology will be incorporated into the new station to supply the
vehicles with compressed hydrogen. The collected data during this
pilot phase of the project will provide valuable information for
the assessment of future applications of this emerging transport
technology in the local environment. The hydrogen refueling
station, the first in the Kingdom, is expected to be operational in
the second quarter of 2019.
"Hydrogen fuel cells offer an effective means for the
electrification of transport while maintaining easy, five minute
refueling and long driving ranges," said Ahmad O. Al Khowaiter, Chief Technology Officer
of Saudi Aramco. "The use of hydrogen derived from oil or gas to
power fuel cell electric vehicles represents an exciting
opportunity to expand the use of oil in clean transport," he
added.
"We are honored to work on another venture with Saudi Aramco to
establish and develop a sustainable hydrocarbon-based hydrogen
supply system for pilot demonstration of a fuel cell vehicle fleet
in Saudi Arabia," said Dr.
Samir Serhan, Executive Vice
President at Air Products. He added: "It further illustrates our
commitment to the Kingdom's 2030 vision."
The hydrogen refueling station will be located within the
grounds of Air Products' world-class Technology Center in the
Dhahran Techno Valley Science Park.
Toyota Motor Corporation will supply Toyota Mirai Fuel Cell
Vehicles for testing in this pilot project. Toyota has been
investing in hydrogen for over 20 years and in 2014 introduced the
Mirai, its first mass-produced hydrogen fuel cell vehicle. The
Mirai is a zero-emission vehicle which runs on compressed hydrogen
gas and only emits water. The car is powered through a fuel cell
which creates electricity by combining oxygen from air with
hydrogen from the fuel tank. Toyota has long maintained that
hydrogen fuel cell technology can offer a sustainable zero emission
solution across a broad spectrum of vehicle types.
About Saudi Aramco
Saudi Aramco is a world-leading
integrated energy and chemicals company. We are driven by our core
belief that energy is opportunity. From producing approximately one
of every eight barrels of the world's crude oil supply to
developing new energy technologies, our global team is dedicated to
creating positive impact in all that we do. We focus on making our
resources more sustainable and more useful, promoting long-term
economic growth and prosperity around the
world.www.saudiaramco.com
About Air Products
Air Products (NYSE:APD) is a
world-leading industrial gases company in operation for over 75
years. The company provides industrial gases and related equipment
to dozens of industries, including refining, chemical, metals,
electronics, manufacturing, 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 2018 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $35
billion. Approximately 16,000 passionate, talented and
committed employees from diverse 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,
2018.
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SOURCE Air Products