Air Products Consolidates Its Gas Position in Southern China and Supplies BP Zhuhai PTA Plant With Gases
November 20 2003 - 10:55AM
PR Newswire (US)
Air Products Consolidates Its Gas Position in Southern China and
Supplies BP Zhuhai PTA Plant With Gases LEHIGH VALLEY, Pa., Nov. 20
/PRNewswire-FirstCall/ -- Air Products -- a globally diversified
gases and chemicals company -- announced today that the company is
supplying hydrogen and nitrogen to BP Zhuhai's PTA (purified
terephthalic acid) plant, and hydrogen to the merchant market in
Guangdong Province, further consolidating its leading gas position
in Southern China. Air Products has built an on-site hydrogen plant
utilizing the latest reforming technology with back-up hydrogen
storage, an on-site PSA system, and a liquid nitrogen storage and
vaporization system for BP Zhuhai's PTA plant. PTA is the preferred
raw material used to manufacture polyethylene terephthalate (PET),
a widely used polymer for the production of textiles, bottles,
packaging and film products. Government statistics show that
China's PTA consumption in 2002 exceeded 6.6 million tons, of which
only 30 percent was supplied by domestic production. BP is a global
customer of Air Products. The company has built many significant
on-site investments to serve BP around the world. This project is
an extension of this global supply relationship. "Reliability,
quality and ability of supply are the key requirements from BP. Our
long-lasting relationship with BP and track record on its PTA
facilities at other locations enable us to better understand,
offer, and serve their current and future needs in a more efficient
and competitive manner," said John Delaney, regional director for
the Energy and Process Industries of Air Products Asia. Scott
Sherman, vice president of the Energy and Process Industries
Division of Air Products and Chemicals, Inc., stated, "Our facility
in Zhuhai enables us to become a key supplier of industrial gases
to the Zhuhai area and to consolidate our leading gas position in
Guangdong Province." The Zhuhai Harbour Industrial Zone, where the
BP Zhuhai PTA plant and Air Products' facilities are located, is a
new area earmarked for modern industrial development. "We are proud
to be an investor in the Zhuhai area, and we look forward to more
participation by Air Products to help this region grow and
prosper," Sherman said. Air Products will also supply hydrogen to
the merchant market in Guangdong Province to capitalize on the
growing demand in the electronics, lighting, and metals processing
markets. Air Products (NYSE:APD) serves customers in technology,
energy, healthcare and industrial markets worldwide with a unique
portfolio of products, services and solutions, providing
atmospheric gases, process and specialty gases, performance
materials and chemical intermediates. 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. With annual revenues of $6.3 billion and operations in
over 30 countries, the company's 18,500 employees build lasting
relationships with their customers and communities based on
understanding, integrity and passion. For more information, visit
http://www.airproducts.com/. Air Products was one of the first
foreign industrial gas companies to enter China with a joint
venture in 1987. ***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: Jessica Cheng, 852-2863-0585, , or Art George,
+1-610-481-1340, ; or Investor Inquiries: Alexander W. Masetti,
+1-610-481-7461; e-mail: , all of Air Products Web site:
http://www.airproducts.com/
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