Air Products Acquires New Texas Hydrogen Production Facility from MarkWest Energy Partners
September 01 2009 - 4:00PM
PR Newswire (US)
Includes Long-Term Hydrogen Supply Agreement to Start in 2010
LEHIGH VALLEY, Pa., Sept. 1 /PRNewswire-FirstCall/ -- Air Products
(NYSE: APD), the leading global hydrogen provider, today announced
it has purchased a new steam methane reformer (SMR) hydrogen
facility under construction in Corpus Christi, Texas, from MarkWest
Energy Partners, L.P. (NYSE:MWE). The facility, which will produce
over 30 million standard cubic feet per day, will be owned and
operated by Air Products and is expected to be on-stream in March
2010. The companies also signed a separate long-term supply
agreement whereby Air Products will provide hydrogen and steam to
MarkWest. MarkWest will utilize the products produced by the SMR
facility combined with its existing production capabilities to
deliver high-purity hydrogen to local refinery customers. "Air
Products looks forward to expanding its U.S. Gulf Coast hydrogen
production expertise in the Corpus Christi refining region," said
Heather Remley, manager -- West Gulf Coast Area Tonnage Gases for
Air Products. "The transaction is a win-win for clients in the
region as it combines MarkWest's strong customer relationships with
Air Products' world-class operating capabilities and experience."
The new investment in Corpus Christi strengthens Air Products'
leading hydrogen position in the U.S. Gulf Coast, which is
comprised of numerous production facilities and over 450 miles of
pipelines reaching from the Houston Ship Channel in Texas to Lake
Charles, Louisiana, and from the city of Plaquemine, Louisiana to
Chalmette, east of New Orleans. Air Products also completed a
pipeline connection across Lake Pontchartrain earlier this year and
is in the process of building two new steam methane reformers in
the Louisiana portion of its Gulf Coast system. 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/. ***NOTE: This release may contain
forward-looking statements. Actual results could vary materially,
due to changes in current expectations. DATASOURCE: Air Products
CONTACT: Media Inquiries, Art George, +1-610-481-1340, , or
Investor Inquiries, Nelson Squires, +1-610-481-7461, , both of Air
Products Web Site: http://www.airproducts.com/
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