LEHIGH VALLEY, Pa.,
March 1, 2011 /PRNewswire/ --
Air Products (NYSE: APD) announced today plans to build, own and
operate a new liquid nitrogen production facility in Mooreland, Oklahoma. The new facility, to have
an approximate 250 ton per day capacity, will strengthen Air
Products' existing leadership position in supplying the region's
oilfield services market. The Mooreland plant is to be on
stream in 2012.
"The decision to build this facility will expand our supply
position in this market which largely serves the oilfield services
industry. The plant will both assist in meeting increased liquid
product demand and enhance our responsiveness level to customers
for needed services," said Nelson
Squires, vice president, North America Merchant Gases at Air
Products.
Air Products has supplied nitrogen and oxygen for upstream oil
and gas production and processing for more than 40 years utilizing
a variety of supply modes along with the most comprehensive package
of value-added technologies, services and equipment available. For
more information on Air Products' work with the oilfield services
market in a specific country go to:
www.airproducts.com/markets/cpi/content/default.htm.
Air Products has additional Oklahoma operations, in Pryor, that produce liquid products for other
markets including food, chemicals, metal processing, electronics
and medical applications.
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 2010, Air Products had revenues of
$9 billion, operations in over 40
countries, and 18,300 employees around the globe. For more
information, visit www.airproducts.com.
***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,
2010.
SOURCE Air Products