Air Products to Build Michigan Hydrogen Plant to Supply Marathon's Detroit Heavy Oil Upgrade Project
April 21 2009 - 5:15PM
PR Newswire (US)
LEHIGH VALLEY, Pa., April 21 /PRNewswire-FirstCall/ -- Air Products
(NYSE: APD), the leading global hydrogen provider, today announced
the signing of an agreement to construct a hydrogen production
facility in Detroit, Mich., for Marathon Petroleum Company LLC, a
subsidiary of Marathon Oil Corporation (NYSE:MRO). The steam
methane reformer will have a hydrogen production capacity of more
than 50 million standard cubic feet per day and is projected to be
completed in the second quarter of 2012. The facility will provide
hydrogen and steam for Marathon's heavy oil upgrade project at its
Detroit refinery. "Increased and reliable hydrogen supply will be
important to Marathon's heavy oil upgrade project. As more sour
crude oil is brought in from sources around the world, the
requirements for additional hydrogen to make cleaner burning fuels
also grows. Air Products has been working with Marathon to produce
cleaner burning fuels for more than a decade and we are pleased to
expand our relationship with this new project in Michigan," said
Alex Masetti, vice president - North America Tonnage Gases at Air
Products. Marathon's Detroit hydrogen facility is the 31st plant to
be built through the global alliance between Air Products and
Technip. This alliance continues to provide the worldwide refining
industry with competitive technology and world-class safety.
Technip provides the design and construction expertise for steam
reformers while Air Products provides the gas separation
technology. Air Products, through its extensive operating network,
and Technip, from its large reference base, also bring effective
operational and engineering knowledge to "design-in" high
reliability and efficiency. The plants are operated and maintained
by Air Products under long-term agreements with customers. About
Air Products Air Products (NYSE:APD) serves customers in
industrial, energy, technology and healthcare markets worldwide
with a unique portfolio of atmospheric gases, process and specialty
gases, performance materials, and equipment and services. Founded
in 1940, Air Products has built leading positions in key growth
markets such as semiconductor materials, refinery hydrogen, home
healthcare services, natural gas liquefaction, and advanced
coatings and adhesives. The company is recognized for its
innovative culture, operational excellence and commitment to safety
and the environment. Air Products had fiscal 2008 revenues of $10.4
billion, operations in over 40 countries, and 21,000 employees
around the globe. For more information, visit
http://www.airproducts.com/. About Technip Technip is a world
leader in the fields of project management, engineering and
construction for the oil & gas industry, offering a
comprehensive portfolio of innovative solutions and technologies.
With 23,000 employees around the world, integrated capabilities and
proven expertise in underwater infrastructures (Subsea), offshore
facilities (Offshore) and large processing units and plants on land
(Onshore), Technip is a key contributor to the development of
sustainable solutions for the energy challenges of the 21st
century. Present in 46 countries, Technip has operating centers and
industrial assets (manufacturing plants, spoolbases, construction
yard) on five continents, and operates its own fleet of specialized
vessels for pipeline installation and subsea construction. The
Technip share is listed on Euronext Paris exchange and over the
counter (OTC) in the USA. For more information, visit
http://www.technip.com/. ***NOTE: This release may contain
forward-looking statements. Actual results could vary materially,
due to changes in current expectations. DATASOURCE: Air Products
CONTACT: Media, Art George of Air Products, +1-610-481-1340, , or
Christophe Belorgeot or Floriane Lassalle-Massip, both of Technip,
+33-0-1-47-78-32-79; Investor Inquiries, Nelson Squires of Air
Products, +1-610-481-7461, Web Site: http://www.airproducts.com/
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