LEHIGH VALLEY, Pa.,
Feb. 18, 2019 /PRNewswire/
-- Air Products (NYSE: APD), the world's leader in liquefied
natural gas (LNG) technology and equipment, today announced an
agreement to provide its proprietary LNG technology, equipment, and
related process license to Golden Pass Products LLC, a joint
venture between Qatar Petroleum and ExxonMobil for the Golden Pass
LNG Export Project in Sabine Pass,
Texas.
Air Products will supply its proprietary AP-C3MR™
natural gas liquefaction technology and equipment, and three of
its MCR® Main Cryogenic Heat Exchangers, to be
installed at the heart of the proprietary propane pre-cooled mixed
refrigerant liquefaction process for the three-train facility. Air
Products' LNG technology, which will be integral in producing
around 16 million tons per year of liquefied natural gas, is to be
operational when the Golden Pass facility starts-up in 2024.
"Air Products is very honored to be selected for the Golden Pass
project involving ExxonMobil and Qatar Petroleum. Our company has a
long and successful history of serving the needs of the LNG
industry and we intend to remain the leader in LNG equipment
and liquefaction technology," said Dr. Samir Serhan, executive vice president at Air
Products.
The use of LNG continues to increase around the world with
strong energy demands in growing economies. LNG industry
experts have commented that additional projects like the Golden
Pass project are on the horizon, Dr. Serhan added.
"We have brought together an exceptional team to implement this
project, with Air Products supplying the liquefaction technology
and equipment that will drive our facility," Sean Ryan, president of Golden Pass LNG, said.
"We are pleased to partner with the industry leader in LNG
exchanger technology to bring clean energy from Texas to power the world."
Air Products LNG heat exchangers and related equipment for
the Golden Pass project will be manufactured at its Port Manatee, Florida facility. Air
Products opened its Port Manatee
facility in January 2014. In October
2018, Air Products dedicated a new LNG equipment test
facility (ETF) and a held a groundbreaking for a facility
manufacturing expansion project at the site.
"We are committed to always providing the best-in-class
equipment and technology to the LNG industry, to never missing a
delivery, and to exceeding all customer expectations in terms of
performance and efficiency. We want customers in the LNG market
around the world to know that we are prepared and not limited in
our manufacturing capability when new LNG plant opportunities are
announced and developed," said Dr. Serhan.
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.
Editor's Note:
Air Products' proprietary
technology, vital to helping meet the world's increasing energy
needs and desire for clean energy, processes and cryogenically
liquefies valuable natural gas for consumer and industrial use. For
over 50 years Air Products has manufactured LNG heat exchangers
operated in 20 countries around the world.
Typically, an LNG heat exchanger can be as large as over 15 feet
in diameter and 180 feet long, or about two-thirds of the size of a
football field. A finished unit can weigh as much as 500
tons.
Air Products' LNG process technology and equipment is the heart
of an LNG production plant. The technology, in place at some of the
most remote locations around the world, takes natural gas and
unlocks its value by liquefying it and making it possible to
economically ship it. The LNG is eventually re-gasified for energy
use.
A majority of total worldwide LNG is produced with Air Products'
technology. In support of the LNG industry, Air Products provides
process technology and key equipment for the natural gas
liquefaction process for large export plants, small and mid-sized
LNG plants, floating LNG plants and LNG peak shavers. Upstream, Air
Products provides both nitrogen and natural gas dehydration
membrane systems for offshore platforms. Downstream, Air Products
provides membrane nitrogen generators for LNG carriers, and
land-based membrane and cryogenic nitrogen systems for LNG import
terminals and baseload LNG plants.
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