ROTTERDAM, Netherlands, Feb. 12,
2024 /PRNewswire/ -- Air Products, a
world-leading industrial gases company, is proud to announce a
significant step forward in its commitment to sustainability
through the signing of a Power Purchase Agreement (PPA) for
renewable energy with Eneco. This strategic agreement reaffirms Air
Products' dedication to help address climate impacts and sourcing a
substantial portion of its energy needs in The Netherlands from renewable sources.
Under the terms of this 10-year PPA, Air Products will source
the majority of its current merchant business energy consumption
for liquid nitrogen and oxygen production in The Netherlands from a reliable and renewable
energy source. The renewable electricity will be generated at the
Vlagtwedde Solar PV farm in the northeast of The Netherlands. The signed PPA will enable
Air Products to reduce emissions equivalent to the carbon footprint
of approximately 45,000 households over the duration of the
contract.
This commitment represents an important milestone in the
company's ongoing efforts to reduce its carbon footprint in
The Netherlands and contribute to
a more sustainable future. Last year, the company
announced its plans to build Europe's largest blue hydrogen facility based
in the Port of Rotterdam. This was
preceded by the announcements of Air Products' plans for a
renewable energy import terminal, and the first Rotterdam green hydrogen truck refuelling
station. The 10-year contract reflects Air Products' long-term
vision to work to accelerate the energy transition and continue to
work to generate a cleaner future.
"This 10-year PPA is a significant milestone in our journey
towards sustainability," said Harco van den
Berg, Air Products' Business Manager Benelux. "We are
excited to partner with Eneco, and we believe this collaboration
will contribute to our goals of decarbonizing the industrial gases
sector."
Eneco B2B Director Dick Velings
added, "To tackle the challenge of climate neutrality, we need
significantly more sustainably generated power. With this
agreement, Air Products commits to using greener energy. This
allows Air Products to become more sustainable and help their
customers in many sectors do so as well. We're excited to work with
Air Products in this effort."
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.
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, 2023 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