LEHIGH VALLEY, Pa.,
June 18, 2019 /PRNewswire/
-- Saudi Aramco and Air Products (NYSE: APD) today inaugurated
the first hydrogen fueling station in Saudi Arabia at Air Products' new Technology
Center in the Dhahran Techno Valley Science Park. The pilot station
will fuel an initial fleet of six Toyota Mirai fuel cell electric
vehicles with high-purity compressed hydrogen.
The announcement comes amid growing international recognition of
hydrogen's benefits. A report released last week by the
International Energy Agency (IEA) concludes that hydrogen has vast
potential to help the world reduce emissions while addressing its
energy needs.
"This pilot project represents an exciting opportunity for Saudi
Aramco and Air Products to demonstrate the potential of hydrogen in
the transport sector and its viability as a sustainable fuel for
the future," said Amin H. Nasser,
President and Chief Executive Officer of Saudi Aramco. "Today's
milestone is an important step in making oil-to-hydrogen a reality
as Saudi Aramco continues to be focused on creating breakthrough
technologies and solutions as part of our long term efforts to
reduce carbon emissions and address climate concerns."
"It is well known that our world needs a sustainable system to
address environmental challenges while also meeting growing energy
demand. Hydrogen and fuel cell technologies are well positioned to
be part of the solution," said Seifi
Ghasemi, Air Products' Chairman, President and CEO. "We are
honored to collaborate with Saudi Aramco to establish and develop a
sustainable, hydrocarbon-based hydrogen supply system for fuel cell
vehicles in Saudi Arabia."
The new fueling station combines Saudi Aramco's industrial and
technological experience with Air Products' know-how and
experience in the field of hydrogen fueling.
Air Products' proprietary SmartFuel® hydrogen fueling
technology will be incorporated into the new station to supply
Toyota Mirai Fuel Cell Vehicles with compressed hydrogen. The data
collected during the initial phase of this project will provide
valuable information for the assessment of future applications of
this emerging and diverse transport technology in the local
environment.
It is expected that the fleet of Toyota Mirai vehicles will have
a driving range of 500km with water as their only emission and the
ability to be fueled in five minutes as opposed to an hour for
traditional battery electric vehicles. This would demonstrate the
potential of hydrogen fueled vehicles to make a significant
contribution to a clean, secure, and affordable energy future.
About Saudi Aramco
Saudi Aramco is a global integrated
energy and chemicals company. It is driven by the core belief that
energy is opportunity. From producing approximately one in every
eight barrels of the world's oil supply to developing new energy
technologies, Saudi Aramco focuses on making resources more
dependable, more sustainable, and more useful. This helps promote
stability and long-term growth 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 $40
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.
About Dhahran Techno Valley Company
The Dhahran Techno
Valley Company (DTVC)—a wholly owned subsidiary of the King Fahd
University of Petroleum and Minerals
(KFUPM)—is a key driver of the Dhahran Techno Valley Ecosystem,
which was created to promote a knowledge-based economy in Dhahran
and in the Eastern Province. This ecosystem includes KFUPM,
national champions such as Saudi Aramco, SABIC and SEC, technology
partners and small-to-medium size enterprises.
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SOURCE Air Products