LEHIGH VALLEY, Pa.,
Oct. 13 /PRNewswire/ -- Air Products
(NYSE: APD), the leading global hydrogen provider, today announced
plans to construct a new 180-mile long pipeline connecting its
existing Louisiana and
Texas hydrogen pipeline systems,
creating the world's largest hydrogen plant and pipeline supply
network. This integrated pipeline system will unite over 20
hydrogen plants and over 600 miles of pipelines to supply the
Louisiana and Texas refinery and petrochemical industries
with over one billion cubic feet of hydrogen per day. The
new Gulf Coast hydrogen pipeline network is expected to be
operational in mid-2012.
This project allows Air Products to bring multiple benefits to
its hydrogen customers. "Air Products' investment in this
pipeline extension demonstrates our hydrogen market leadership and
confidence in our Gulf Coast growth opportunities. Connecting
our Gulf Coast hydrogen plants via this pipeline will offer our
customers in this market enhanced supply capabilities and unmatched
reliability of hydrogen supply which is critical to their
operations," said Steve Jones,
senior vice president and general manager - Tonnage Gases,
Equipment and Energy at Air Products. Jones added that the
company evaluated the implementation of an underground storage
cavern for hydrogen and was convinced the Gulf Coast pipeline will
bring far greater benefits to customers and shareholders.
The new pipeline extension, which is in the project development
phase, will connect Air Products' Texas facilities to the Louisiana system near Baton Rouge. Once complete, Air
Products' hydrogen pipeline supply network will stretch from the
Houston Ship Channel in Texas to
New Orleans, La.
To view the complete news release, visit Air Products' online
Press Room at
www.airproducts.com/PressRoom/CompanyNews/Archived/2010/13Oct2010.htm.
***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,
2009.
SOURCE Air Products
Copyright . 13 PR Newswire