Air Products' Pipeline Project in Canada Establishes Valuable Franchise Position
December 15 2009 - 11:04AM
PR Newswire (US)
Hydrogen Pipeline Receives Key Regulatory Approval in Alberta
Industrial Heartland LEHIGH VALLEY, Pa., Dec. 15
/PRNewswire-FirstCall/ -- Air Products (NYSE: APD), the leading
global hydrogen provider, and its subsidiary Air Products Canada
Ltd. today announced it has received regulatory approval from the
Alberta Energy Resource Conservation Board for its Heartland
Hydrogen Pipeline Project. The approximately 30-mile pipeline will
provide hydrogen from Air Products' two operating production
facilities near Edmonton, Alberta, Canada to refiners, upgraders,
chemical processors and other industries in the Alberta Industrial
Heartland region. Pipeline construction has begun with onstream
status targeted for 2010. "We are very pleased to have received
regulatory approval to move forward with the pipeline project.
Establishing a hydrogen network in this region will allow us to
meet the current and future hydrogen needs of multiple industries
in the area. Hydrogen is a major feedstock for bitumen upgrading
and refining, and is key to enabling the production of cleaner
burning transportation fuels. We expect to make several customer
supply announcements in the coming months," said Steve Losby,
general manager -- Canada at Air Products. Air Products' approach
to the project was to use existing pipeline corridors wherever
possible to reduce impact to the environment. "Approximately 95
percent of this project will follow existing pipelines, and where
we had to develop a new route, we made careful selections and
underwent stringent environmental assessments. This pipeline will
meet future hydrogen supply needs and minimize the need for
environmental disturbances," said Losby. Pipelines offer a safe,
robust and reliable supply of hydrogen to the refinery and
petrochemical industry around the world. Globally, Air Products'
pipeline operational expertise is evidenced by its network of
systems. Besides this newly announced pipeline, Air Products also
has a hydrogen pipeline in Sarnia, Ontario, Canada, and operates
the largest hydrogen pipeline network in the United States Gulf
Coast, as well as pipeline systems in California in the U.S. and
Rotterdam, the Netherlands. 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/. ***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, +1-610-481-1340, , or Investors: Nelson
Squires, +1-610-481-7461, Web Site: http://www.airproducts.com/
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