Two Companies' First Commercial Hydrogen
Fueling Station Supports Multinational and Domestic Companies to
Pilot Green Logistics Operations
SHANGHAI, Nov. 9, 2023
/PRNewswire/ -- Air Products (NYSE:APD), a world-leading
supplier of hydrogen and hydrogen for mobility solutions, has
partnered with Chengzhi Shareholding Co. Ltd., a Chinese
state-owned high-tech industry group, to accelerate transport
decarbonization in China's Yangtze River Delta. The two companies,
through their joint venture, have launched their first
commercial-scale hydrogen fueling station in Changshu city,
Jiangsu province, capable of
fueling city buses and heavy-duty trucks in logistics.
Commenting on the strategic alliance, Wei Junmin, President of
Chengzhi, said, "Chengzhi shares Air Products' commitment to
China's net-zero transition and is pleased to extend our long-term
partnership to support green transportation by leveraging the
strengths of both companies. Our first hydrogen station in Changshu
has been in operation for several months fueling public transport
and truck fleets. We look forward to deepening our collaboration to
accelerate the development of hydrogen vehicles and the hydrogen
value chain."
Under service contracts, the station fuels hydrogen fuel cell
trucks of various multinational and domestic companies, including
Budweiser China, Yum China, the
logistics service provider of Nestle China and JD Logistics, to
pilot zero-emission logistics operations. These include a 49-ton
heavy-duty hydrogen fuel cell truck of Budweiser running between
Nantong and Suzhou in East China which has recently logged over
10,000 safe kilometers.
Since the "Changshu Hydrogen Fuel Cell Vehicle (HFCV) Industry
Development Plan" was issued in 2019, Changshu has been actively
pushing for HFCV development and initially formed a relatively
complete industrial chain to link into the hydrogen corridor
construction in the Yangtze River Delta Region. The city is part of
the Shanghai cluster for the
national HFCV demonstration project.
Saw Choon Seong, China
President at Air Products said, "Hydrogen plays a key role in
decarbonizing transportation. Air Products is honored to leverage
our experience and technologies, join forces with Chengzhi and
support the customers' pilot projects to drive net-zero transition
in China's mobility sector. The Changshu station is part of our
strategy to support the commercialization of
hydrogen-powered heavy-duty vehicles and development of the
HFCV demonstration clusters. We will continue to pursue
opportunities and take actions to help the government achieve its
Dual Carbon goals."
With more than 60 years of hydrogen experience, Air Products
works across all facets of the hydrogen value chain, including
production, distribution, storage, and dispensing and has been a
pioneer in hydrogen fueling for decades. As global leader in
hydrogen production, Air Products has hands-on operating experience
with over 250 hydrogen fueling station projects in 20 countries,
and its fueling technologies are used in over 1.5 million fueling
operations annually.
As one of the first multinational gas companies to enter China,
the company has participated in several hydrogen demonstration
projects to advance the energy transition. These include the
country's first hydrogen fueling station for 2008 Beijing Olympics,
the first 70MPa station project in Zhangjiakou for 2022 Beijing
Winter Olympics, China Energy Investment Corporation Limited's
first hydrogen fueling station, and Shandong province's first stationary hydrogen
fueling station with both 35MPa and 70MPa fueling.
About Air Products
Air Products (NYSE: APD) is a world-leading industrial
gases company in operation for over 80 years focused on serving
energy, environmental, and emerging markets. The Company has two
growth pillars driven by sustainability. Air Products' base
business provides essential industrial gases, related equipment and
applications expertise to customers in dozens of industries,
including refining, chemicals, metals, electronics, manufacturing,
and food. The Company also develops, engineers, builds, owns and
operates some of the world's largest clean hydrogen projects
supporting the transition to low- and zero-carbon energy in the
heavy-duty transportation and industrial sectors. Additionally, Air
Products is the world leader in the supply of liquefied natural gas
process technology and equipment, and provides turbomachinery,
membrane systems and cryogenic containers globally.
The Company had fiscal 2023 sales of $12.6 billion from operations in
approximately 50 countries and has a current market
capitalization of about $60 billion.
Approximately 23,000 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 reimagine what's possible to address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com or follow us on LinkedIn, X,
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 the risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2022 and other
factors disclosed in our filings with the Securities and Exchange
Commission. 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