Report Highlights Several World-Scale Clean
Energy Projects Launched in the Past Year to Help Speed the
Energy Transition
LEHIGH
VALLEY, Pa., June 7, 2022
/PRNewswire/ -- Air Products (NYSE: APD) published its 2022
Sustainability Report today – "Sustainability in Action" –
detailing the Company's sustainability goals, showcasing several
world-scale projects that will help enable the energy transition
and highlighting how its industrial gases and expertise help
customers reduce their environmental impact.
The Sustainability Report also provides stakeholders with
economic, environmental and social performance data, in accordance
with Global Reporting Initiative (GRI) standards "Core" option.
"Creating a cleaner, more sustainable future requires
experience, investment and innovation on a world scale. At Air
Products, we are making significant investments on actionable
projects today that will make a meaningful difference and speed the
energy transition," said Seifi
Ghasemi, Air Products' Chairman, President and CEO. "I am
proud that our more than 20,000 employees continue to develop and
execute first-mover projects that provide real sustainability
benefits. In doing so, they are living our higher purpose as a
Company and bringing lower-carbon forms of energy to the
world."
The Sustainability Report highlights several world-scale
projects announced in the past year that support the energy
transition, including:
- A multi-billion dollar net-zero hydrogen energy complex in
Edmonton, Alberta, Canada. The
project will include a net-zero hydrogen production and
liquefaction facility. The project relies on an innovative
combination of well-established technologies to jump-start an
ambitious transition to carbon neutrality. The project is scheduled
to be onstream in 2024.
- Teaming with World Energy to build a $2
billion major expansion at World Energy's Sustainable
Aviation Fuel (SAF) production and distribution hub in Paramount, California. The facility is the
world's first commercial scale facility and will produce 340
million gallons of fuel annually. The project is scheduled to be
onstream in 2025.
- A $4.5 billion clean energy
complex in Louisiana, which is Air
Products' largest-ever investment in the
United States. The facility will produce 750 million
standard cubic feet per day of blue hydrogen. The project will also
be the world's largest carbon capture for permanent sequestration
project, capturing 95 percent of the process facility's carbon
dioxide (CO2) emissions. The project is scheduled to be
onstream in 2026.
The Sustainability Report also shares Air Products' progress
toward meeting its "Third by '30" goal to reduce its CO2
emissions intensity (kg CO2/MM BTU) by one-third by 2030
from a 2015 baseline, as well as progress on other
sustainability-related goals. Built on Air Products' "Grow,
Conserve and Care" sustainability framework, the Sustainability
Report covers important sustainability priorities based on feedback
from key stakeholders. Below are a few 2021 highlights and results
of the "Grow, Conserve and Care" focus.
- Grow – In 2021, Air Products' industrial gases and
technologies enabled our customers to avoid 82 million metric tons
of CO2 emissions, more than three times Air Products'
combined direct (Scope 1) and indirect (Scope 2) CO2
emissions. Air Products generated 56 percent of revenues from
sustainable offerings.
- Conserve – Air Products has avoided 1.5 million metric
tons of CO2 emissions at facilities since 2015 through
efficiency improvements, and 27 percent of purchased electricity in
2021 came from renewable sources. In 2021, Air Products reduced its
CO2 emissions intensity by four percent from the 2015
baseline.
- Care – Increased the number of U.S. minorities in
professional and managerial roles by 18 percent in fiscal year
2021. With that increase, Air Products topped its 2025 goal of
boosting the overall percentage of U.S. minority representation in
those roles from 17 percent to 22 percent and has set a new goal of
30 percent to be reached by 2025.
The Sustainability Report also cites several important
recognitions received by the Company during the prior year, such as
Air Products earning a perfect score on the Human Rights Campaign
Foundation's 2022 Corporate Equality Index for the sixth year in a
row. Air Products has also been awarded a gold medal rating for its
Corporate Responsibility performance from EcoVadis, a multinational
CSR ratings agency for the fifth year in a row, and been named to
the Dow Jones Sustainability North America Index (DJSI) for the
11th consecutive year.
The complete Sustainability Report, supporting documents and a
short highlights video are available on Air Products'
Sustainability website.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases
company in operation for over 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; carbon capture
projects; and world-scale low- and zero-carbon hydrogen projects
supporting global transportation and the energy transition.
The Company had fiscal 2021 sales of $10.3 billion from operations in over 50
countries and has a current market capitalization of about
$55 billion. More than 20,000
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
www.airproducts.com or follow us on LinkedIn, Twitter,
Facebook or Instagram.
Cautionary Note Regarding Forward-Looking Statements: This
release contains "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
expectations and assumptions as of the date of this release and are
not guarantees of future performance. While
forward-looking statements are made in good faith and based on
assumptions, expectations and projections that management believes
are reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2021.
Except as required by law, we disclaim any obligation or
undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.
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SOURCE Air Products