LEHIGH VALLEY, Pa.,
Sept. 6, 2011 /PRNewswire/ -- Air
Products (NYSE: APD) today announced it has been awarded a contract
to supply onsite oxygen, compressed dry air, and nitrogen to INEOS
Bio's joint venture project for the first-of-its-kind waste to
ethanol facility in Vero Beach,
Florida. Air Products will supply gaseous oxygen from
a PRISM® VSA Oxygen Generation System as well as bulk liquid oxygen
and liquid nitrogen delivered to the site by trucks.
Operations are scheduled to begin in the second quarter of
2012.
Advanced biofuels plants, such as the INEOS facility, are based
on production from non-food feedstocks. This commercial
facility is designed to produce eight million gallons per year of
bio ethanol fuel and six mw (gross) of renewable electricity from
various wastes, including yard, vegetative and household wastes.
This eliminates the need to grow crops as a raw material and
avoids competition for land-use with the food supply chain by using
waste cellulosic materials from farms and households as well as
municipal solid waste.
"We are very excited to have received this contract award in the
advanced biofuels market. Over the past few years, Air Products has
seen growing interest in industrial gas supply for advanced
biofuels projects. Participation in the growth of this
segment supports Air Products' clean energy and sustainability
initiatives, and we believe that INEOS Bio's bioenergy technology
represents significant promise for the industry," said Nelson Squires, vice president, North America
Merchant Gases at Air Products.
"This supply arrangement with Air Products is a key step in the
commercialization of INEOS Bio's advanced bioenergy technology.
We look forward to working with Air Products as we bring this
unique technology to the U.S. and global markets to help address
the world's waste management challenges," said Mark Niederschulte, COO of INEOS Bio.
Renewable Fuel Standards (RFS-2) in the United States are driving substantial
project activity in the area of advanced biofuels. Many of
these projects require industrial gases, particularly oxygen,
hydrogen, and nitrogen. In this area, oxygen is used
primarily for gasification, hydrogen for oil upgrading to final
biofuel products, and nitrogen as an inert and fluidizing medium.
Global market demand for biofuels is likely to support
significant growth in industrial gas use over the next 10
years.
Air Products' PRISM® Gas Generation Systems supply nitrogen,
oxygen, and hydrogen to more than 1,500 customers in over 30
countries worldwide. Global markets currently served by Air
Products' PRISM® Gas Generation Systems include glass, steel,
electronics and semiconductors, non-ferrous metals, metals
processing, chemicals, food processing and packaging, and energy
production and processing. More information on Air Products'
PRISM offerings can be found at:
http://www.airproducts.com/en/products/Gases/supply-options/onsite-gas-generation.aspx.
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.
About INEOS Bio
INEOS Bio is a BioEnergy company commercializing and licensing
its novel thermo-chemical and bio-chemical technology for the
production of renewable biofuels and renewable energy from a wide
range of low-cost carbon materials. The company's initial focus is
the commercialization of the world's leading third-generation
ethanol technology process to serve the global renewable fuels and
the renewable energy markets. INEOS Bio is one of the global
businesses in INEOS. For more information, visit
www.ineosbio.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