LEHIGH VALLEY, Pa.,
Sept. 24, 2020 /PRNewswire/ -- Air
Products (NYSE: APD) today announced it has joined the European
Clean Hydrogen Alliance (ECH2A) established by the European
Commission. The Alliance will help accelerate the region's
transition towards a sustainable,
competitive economy and build its global leadership
in hydrogen, ultimately creating the foundation for a viable
and competitive EU industrial hydrogen network.
As the world's largest hydrogen producer with expertise across
every aspect of the "Hydrogen for Mobility" value chain, Air
Products is committed to playing an active role within the
Alliance. The company is well positioned to support the
ECH2A's aims of connecting renewable and low-carbon hydrogen
production, transmission and distribution as well as demand from
industry, mobility and other sectors.
"From production to distribution to stations, we know about
hydrogen and the vital role it can play in the EU energy
transition. We also know that – to unlock its full potential
– collaborating with other experts in the hydrogen value chain is
critical," commented Caroline
Stancell, European Hydrogen for Mobility and Energy
Transition General Manager. "Joining the ECH2A brings together
important voices that can and will make a big difference in
achieving a thriving hydrogen ecosystem in Europe."
The company is also an active participant in
many hydrogen industry associations around the world.
This includes the Hydrogen Council, a CLIMATE
CH2AMPION coalition and global CEO-led initiative of 92
leading energy, transport, industry and investment companies with a
united and long-term vision to develop the hydrogen economy,
supporting the global transition to clean, safe, and affordable
energy.
Air Products is also playing a lead role in helping to address
significant energy and environmental challenges through projects
like NEOM – the world's largest carbon-free and truly
transformative hydrogen project. NEOM is a world-scale green
hydrogen-based ammonia production facility powered by renewable
energy and part of a new model for sustainable living to be located
in the north west corner of the Kingdom
of Saudi Arabia. Air Products will be the exclusive
off-taker of the green ammonia and intends to transport it around
the world to be dissociated to produce green hydrogen for the
transportation market.
Air Products, the leading global supplier of hydrogen to
refineries to assist in producing cleaner-burning transportation
fuels, has vast experience in the hydrogen fueling industry. In
fact, several sites today for certain
hydrogen fuelling applications are fuelling at rates
of over 75,000 refills per year. Use of the company's fueling
technology continues to increase and is used in over 1,500,000
hydrogen fills per year. The company's technology has been used in
over 10 million hydrogen fills to date, and Air Products has been
involved in over 250 hydrogen fueling projects in Europe and more than 20 countries around the
world. Cars, trucks, vans, buses, scooters, forklifts, locomotives,
planes, cell towers, material handling equipment, and even
submarines have been fuelled with trend-setting Air
Products' technologies.
Air Products has more than 60 years of hydrogen experience and
an extensive patent portfolio in hydrogen dispensing technology.
Air Products provides liquid and gaseous hydrogen and a variety of
enabling devices and protocols for fuel dispensing at varied
pressures. Hydrogen for these stations can be delivered to a site
via truck or pipeline, produced by natural gas reformation, biomass
conversion, or by electrolysis, including electrolysis that is
solar and wind driven.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company
in operation for 80 years. Focused on serving energy, environment
and emerging markets, the Company provides essential industrial
gases, related equipment and applications expertise to customers in
dozens of industries, including refining, chemical, metals,
electronics, manufacturing, and food and beverage. Air Products is
also the global leader in the supply of liquefied natural gas
process technology and equipment. The Company develops, engineers,
builds, owns and operates some of the world's largest industrial
gas projects, including gasification projects that sustainably
convert abundant natural resources into syngas for the
production of high-value power, fuels and chemicals.
The Company had fiscal 2019 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $65
billion, making it the largest American chemical
company by market capitalization. More than 17,000 passionate,
talented and committed employees from diverse backgrounds are
driven by Air Products' higher purpose to create innovative
solutions that benefit the environment, enhance sustainability and
address the challenges facing customers, communities, and the
world. For more information,
visit airproducts.com or follow us
on LinkedIn, Twitter, Facebook or Instagram.
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,
2019.
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SOURCE Air Products