Air Products Building World-Scale Hydrogen Plant at Monsanto in Louisiana
October 22 2009 - 10:45AM
PR Newswire (US)
Supply Agreement Provides Companies Operational and Environmental
Benefits LEHIGH VALLEY, Pa., Oct. 22 /PRNewswire-FirstCall/ -- Air
Products (NYSE: APD), the leading global hydrogen provider, today
announced the signing of a long-term supply contract with Monsanto
Company (NYSE:MON) to build a new world-scale hydrogen production
plant to be located at Monsanto's Luling, Louisiana Roundup®
facility. The new hydrogen plant is scheduled to be on-stream in
January 2012. Air Products will build a steam methane reformer
(SMR) producing over 100 million standard cubic feet per day
(MMSCFD) of hydrogen. The SMR will be connected to Air Products'
East Gulf Coast pipeline network, which supplies refineries with
hydrogen needed to make cleaner burning transportation fuels, in
addition to meeting the hydrogen needs of the local petrochemical
industry. In addition, the facility will produce additional
hydrogen via a clean-up of a hydrogen-rich off-gas feed coming from
Monsanto. Monsanto will use steam from Air Products' SMR process to
benefit its Roundup® production plant. "This agreement provides a
win-win for Air Products and Monsanto. Air Products adds a
world-class SMR facility, which along with our previously announced
Garyville and Baton Rouge SMRs, will enhance the reliability of our
leading East Gulf Coast hydrogen pipeline system. Monsanto's
benefits include a reduction in natural gas used to make steam and
an improved outlet for its off-gas stream, which will now be
purified and used to make hydrogen," said Wilbur Mok, vice
president-North America Tonnage Gases for Air Products. "This is a
relationship with outstanding potential. It will strengthen our own
operations and provide important benefits to both our community and
industry in the area. It will help us serve our farmer customers in
a more environmentally sustainable manner," said Mike Frank,
Monsanto's Manufacturing Director-Crop Protection Division. The Air
Products SMR will feature technology advancements to maximize
facility energy efficiency and emission reductions. "We have
enhanced our SMR design to target minimal loss of heat to the
environment, which in turn reduces natural gas usage requirements
to make hydrogen. These efforts and other productivity improvements
support the company's overall goals of reducing energy consumption
and emissions," said Tom Wendahl, manager-Tonnage Gases, East Gulf
Coast Area for Air Products. Air Products' East Gulf Coast hydrogen
pipeline system currently reaches more than 175 continuous miles
from Baton Rouge to Chalmette, Louisiana. The network has 15
hydrogen production source points feeding the pipeline system,
including the recently announced hydrogen plants being built in
Garyville and Baton Rouge, which have anticipated on-stream dates
of October 2009 and April 2010, respectively. Additionally, in the
U.S. Gulf Coast, Air Products has a second and larger hydrogen
pipeline system of over 300 miles reaching from the Houston Ship
Channel in Texas to Lake Charles, Louisiana. Air Products also has
hydrogen pipeline networks operating around the world in the U.S.
in Southern California; in Sarnia, Ontario and Edmonton, Alberta in
Canada; and in Rotterdam in The Netherlands. Air Products' hydrogen
facility in Luling will be built through the global alliance
between Air Products and Technip. This alliance, which has built
over 30 hydrogen production facilities, 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. In fiscal 2009, Air Products had revenues of
$8.3 billion, operations in over 40 countries, and 18,900 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/. About Monsanto Monsanto Company is a
leading global provider of technology-based solutions and
agricultural products that improve farm productivity and food
quality. Monsanto remains focused on enabling both small-holder and
large-scale farmers to produce more from their land while
conserving more of our world's natural resources such as water and
energy. To learn more about our business and our commitments,
please visit: http://www.monsanto.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 of Air Products,
+1-610-481-1340, ; or Christophe Belorgeot or Floriane
Lassalle-Massip, both of Technip, +33(0)-1-47-78-32-79, ; or Bob
Peirce of Monsanto, +1-314-694-3238, ; or Investor Inquiries:
Nelson Squires of Air Products, +1-610-481-7461, Web Site:
http://www.airproducts.com/
Copyright
Air Products and Chemicals (NYSE:APD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Air Products and Chemicals (NYSE:APD)
Historical Stock Chart
From Jul 2023 to Jul 2024